Thursday, July 19, 2012

Credit Suisse to strengthen its capital buffers ... - The Finance Room

on July 18, 2012 4:09 pm in Business News / no comments

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FILE - In this April 3, 2012 file picture the logo of Swiss bank Credit Suisse is photographed at a building in Zurich, Switzerland. Credit Suisse Group says it is raising 8.7 billion Swiss francs (US $8.9 billion) to bolster its capital reserves. The Swiss bank says 3.8 billion francs come from the placement of so-called contingent convertible bonds underwritten by investors from Qatar, Saudi Arabia and Singapore. The Zurich-based bank's announced Wednesday, July 18, 2012 that its second-quarter earnings attributable to shareholders increased 2.6 percent to 788 million francs. (AP Photo/Keystone/Alessandro Della Bella,File)Credit Suisse is to strengthen its capital buffers against future financial crises by as much as 15.3 billion Swiss francs ($15.6 billion), Switzerland's second-largest bank announced Wednesday.

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Source: http://www.financeroom.net/?p=444079

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