The Traderszone Network

Published in TZ Latest News 15 March, 2015 by The TZ Newswire Staff

Credit Suisse not planning new capital raising: newspaper

Credit Suisse Group AG (CSGN.VX) has no plans to raise more capital, its chairman said in an interview published in the SonntagsZeitung newspaper on Sunday. “What reason would we have for asking shareholders to let us have more capital?”, Urs Rohner told the newspaper. When asked if the Swiss bank might need new funds to expand in Asia, he said: “Capital raising should only be done when you need the money for a specific project.