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Credit Suisse CEO to Decide on Capital Raising ‘as Soon as Possible’

March 28, 2017

Via: Fortune

Credit Suisse Group (CSGKF, +1.84%) will make a decision on its capital raising plans “as soon as possible,” its chief executive said on Tuesday, without giving specific details on the timing or the type of fund-raising.

The bank upped its net loss for last year to 2.71 billion Swiss francs ($2.75 billion) from 2.44 billion. This cut its common equity tier 1 ratio, a measure of balance-sheet strength, heightening its need to raise capital

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