Credit Suisse to raise $4bn to fund a sweeping overhaul
The plan includes carving out Credit Suisse’s advisory and leveraged finance business into a separate unit renamed Credit Suisse First Boston.
Source: gulfbusiness.com
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Credit Suisse Plans a Big Retreat From Wall Street
Shares in the Swiss banking giant tumbled after its executive team laid out the details of a long-awaited restructuring plan.
Source: nytimes.com
Credit Suisse plans to raise $4.1 billion, cut 2,700 jobs
The overhaul is an urgent attempt to restore credibility at Credit Suisse
Source: gulfnews.com
Credit Suisse to cut 9,000 jobs in sweeping overhaul
Restructuring plan is an urgent attempt to restore credibility after a succession of big losses and management chaos
Source: luxtimes.lu
CS First Boston Revival Comes With Talent And Capital Dilemmas
Seeking to restore vigour to a business that's been languishing, Credit Suisse says it will reshape its investment bank by resurrecting the First Boston brand.
Source: ibtimes.com