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Credit Suisse completes $2.4bn capital raise amid cost-cutting review
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Credit Suisse said on 8 December that it completed its latest rights offering and had put into action around 80% of the cost cuts it planned for 2023, as the bank maintains its course through its painful strategic review.
The Swiss lender said that 98.2% of rights offered had been exercised, or around 873 million new shares, until the end of the rights period at midday Zurich time on 8 December.
The...
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