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Reuters reveals Credit Suisse talks with investors; shares drop to new low


Business & Finance

Reuters exclusively revealed that Credit Suisse is sounding out investors for fresh cash, approaching them for the fourth time in around seven years as it attempts a radical overhaul of its investment bank. The investment bank is also evaluating various scenarios, including the most drastic option of largely exiting the U.S. market. Credit Suisse shares fell by more than ten percent to their lowest level on record after Reuters revealed the news. 

Market Impact

Credit Suisse shares fell by more than ten percent to their lowest level on record after Reuters revealed the news.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: North America

Countries: US

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Read the Full Article Here reuters agency

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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