Credit Suisse issues 462 million shares to existing investors in $4 billion capital hike

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEIAN0NZ_L.jpg

The capital increase, which was approved by investors on Wednesday, is intended to fund the embattled bank’s turnaround plan as it recovers from a series of scandals and losses.

($1 = 0.9431 Swiss francs)