Credit Suisse confirms shareholder meeting for capital hike
ZURICH, Nov 1 (Reuters) – Credit Suisse Group AG (CSGN.S) on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a proposed capital increase .The embattled bank is hoping to raise 4 billion Swiss francs ($4.01 billion) in fresh capital to fund its restructuring and pad its balance sheet following a string of scandals and losses .
ZURICH, Nov 1 (Reuters) – Credit Suisse Group AG (CSGN.S) on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a proposed capital increase.
The embattled bank is hoping to raise 4 billion Swiss francs ($4.01 billion) in fresh capital to fund its restructuring and pad its balance sheet following a string of scandals and losses.
