Exclusive: Credit Suisse weighs options to strengthen capital - sources

ZURICH : Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses have eroded its financial buffers, two people with knowledge of the matter told Reuters.

Selling shares to some of its major existing investors is the preferred option, but Credit Suisse has not ruled out tapping all shareholders, this person said. "The Group is robustly capitalised with a CET1 ratio of 13.8 per cent and a CET1 leverage ratio of 4.3 per cent. Asset Management is an essential part of our group strategy presented last November, with four core divisions.”Credit Suisse is reeling from billions in losses racked up in 2021 via failed investments, plus the impact of multiple legal cases, including a Bermuda court case that could cost around $600 million.

In April, Credit Suisse had played down the need for fresh capital even as it reported a first-quarter loss that intensified its financial pain.

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