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Shares in Credit Suisse fell 3 per cent on Thursday following reports that the bank could look to raise as much as SFr5bn ($5.04bn) in capital as an alternative to listing its Swiss business.

Bloomberg reported that the bank was considering a SFr3bn raise, but had spoken to advisers about raising as much as SFr5bn, a sum which would require shareholder approval. A spokesman for Credit Suisse declined to comment.

The bank said in February that it was reconsidering the planned flotation of its Swiss unit, but would not make a decision until later this year.

At pixel time, shares in Credit Suisse was trading down 3 per cent at SFr14.40.

Copyright The Financial Times Limited 2017. All rights reserved.

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