Credit Suisse Talks to Underwriters as It Weighs Capital Options

Oct. 14, 2022, 6:23 PM UTC

Credit Suisse Group AG has held talks with several banks about underwriting a potential capital increase in case it needs to shore up its balance sheet, according to people familiar with the matter.

The Zurich-based bank would prefer to avoid selling new shares at current depressed levels, but is making preparations should the step be necessary, people familiar with the matter said, declining to be identified because the information is private.

Credit Suisse is less than two weeks away from unveiling what’s expected to be a major overhaul after a string of high profile losses and scandals. While the restructuring ...

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