Showing posts with label Switzerland's central bank. Show all posts
Showing posts with label Switzerland's central bank. Show all posts

Friday, July 20, 2012

WSJ UPDATE: Credit Suisse Moves to Address Capital Concerns

Credit Suisse Group AG (CS, CSGN.VX) said Wednesday it is shoring up its capital base through the sale of convertible bonds, more divestments and the launch of another cost-savings program, in a move that ends its feud with Switzerland's central bank but raises new questions about the credibility of its management team.