Credit score Suisse points 462 million shares to present traders in $4 billion capital hike By Reuters - Geo Tv News

Credit score Suisse points 462 million shares to present traders in $4 billion capital hike By Reuters



© Reuters. FILE PHOTO: The brand of Swiss financial institution Credit score Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann/File Photograph

ZURICH (Reuters) – Credit score Suisse has issued 462 million new shares to present traders at 3.82 Swiss francs ($4.05) per share, the financial institution mentioned on Thursday, outlining particulars of its 4 billion franc capital hike.

The capital improve, which was authorized by traders on Wednesday, is meant to fund the embattled financial institution’s turnaround plan because it recovers from a collection of scandals and losses.

($1 = 0.9431 Swiss francs)



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