This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9Q0P9_L.jpg
“We welcome the aggressive approach CS (Credit Suisse) is taking to stabilize and improve the performance of both the investment bank and the group as a whole,” the activist Chicago-based investor said in a statement.
Harris said in another email it has consistently held a stake of around 10% in Credit Suisse.
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.
