Credit Suisse Taps Loyalists, Super-Wealthy for Quick Infusion
The Swiss bank is issuing new shares following Archegos' blow-up. Credit Suisse's existing major shareholders, super-wealthy individuals, and other institutions are ponying up $1.85 billion. Zurich-based Credit Suisse is issuing mandatory convertible notes for a net infusion of roughly 1.7 billion Swiss francs ($1.85 billion), it said in a statement…
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