Credit Suisse seeks billions from investors in make-or-break shake-up
Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it, sending its shares sliding.
Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B
Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles that have dented its reputation. The Zurich-based bank announced Thursday plans to cut costs, lower staff