As part of a major restructure, Credit Suisse plans to allocate almost 80 percent of capital to its wealth management, Swiss bank and asset management and markets divisions by 2025.
This is designed to grow the revenue share of these businesses to over 85 percent by 2025.
To fund the restructure, Credit Suisse is looking to raise around $4 billion of capital – which will included $1.5 billion from the Saudi National Bank.
The restructure comes as Credit Suisse...