Credit Suisse hires 20 banks for capital raise

Summary by Ground News

The Swiss bank yesterday announced the syndicate in a statement that confirmed a Bloomberg story over the weekend. It had already picked Morgan Stanley, the Royal Bank of Canada, Deutsche Bank AG and Societe Generale SA as lead managers and joint bookrunners. The announcement triggered the biggest single-day decline on record, with the shares tumbling 19 percent.

Published 3 months ago

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IBTimes

Credit Suisse Unveils Details Of $4 Billion Capital Raising Plan

Credit Suisse on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank's bid to tackle the biggest crisis in its 166-year

3 months ago·United States

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Bloomberg

Credit Suisse Hires 20 Banks for $4 Billion Capital Increase

Credit Suisse Group AG disclosed a large roster of banks that will help it drum up $4 billion in capital to fund its extensive restructuring and laid out more detail about the discounted price it will offer shareholders.

3 months ago·United States

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Business Standard

Credit Suisse hires 20 banks for $4 bn capital increase to restructures

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

3 months ago·India

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Taipei Times

Credit Suisse hires 20 banks for capital raise

Bringing Taiwan to the World and the World to Taiwan

3 months ago·Taipei, Taiwan

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Benzinga

Credit Suisse Outlines Details On $4B Capital Raise Plan - Credit Suisse Group (NYSE:CS)

Credit Suisse Group AG (NYSE: CS) has enlarged the banking syndicate underwriting the rights issue and announced the reference price for the proposed CHF4 billion capital raise.

3 months ago·New York, United States

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