InvestorQ : How does the Credit Suisse rescue plan look like?
shrinidhi Rajan made post

How does the Credit Suisse rescue plan look like?

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1 month ago
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The much awaited rescue grand plan for Credit Suisse was put out on 27th October, but markets don’t appear to be impressed if you judge by the price reaction. Among the terms of the restructuring, Credit Suisse will spin off most of its investment banking business and focus on its core competence of global wealth and asset management. What really spoilt market sentiments was the plan for a $4 billion share sale at very low valuations with the potential to dilute equity up to 30%. Post the restructuring, the Saudi National Bank will be the most significant investor in Credit Suisse.

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