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Credit Suisse given greenlight to raise funds for 'radical' restructure

News Team, 24/11/2022

Credit Suisse shareholders have approved two proposed capital increases to help fund its major restructure, announced in October.

These increases are expected to raise approximately CHF 4.0 billion.

When the restructure was first announced, it was thought around $1.5 billion of this would come from the Saudi National Bank.

The final terms for the rights offering are expected to be announced on 24 November.

Axel P Lehmann, chairman of the board o...


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