Credit Suisse Slump Takes Shares Near Rights Offer Price (2)

Credit Suisse Group AG’s losing streak took the stock closer to the price that the Swiss lender is pitching to investors in a crucial capital raise, increasing risks that underwriting banks are left holding unwanted shares.

The stock fell as much as 5.49% to a record low of 2.67 Swiss francs, just 6% above the price of 2.52 francs for subscription rights that Credit Suisse offered existing investors. The bank had set the price at a discount of 32% to its stock value after the strategy presentation in October.

Credit Suisse is contending with its longest run of share ...