Credit Suisse drops amid SFr5bn stock sale reports

Listen to this article

00:00
00:00

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. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.