Credit Suisse raises more than £3bn to plug capital hole

Bank announces plan in quarterly results ahead of extraordinary general meeting on 18 May

Credit Suisse
(Image credit: FABRICE COFFRINI / Stringer)

Credit Suisse has announced it is raising more than £3bn to bolster its capital reserves without selling off its core Swiss retail banking operations.

Announcing its quarterly results yesterday, the group said it will raise SFr 4bn (£3.1bn) from existing shareholders.

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