Credit Suisse Outlines Radical Plan as Q3 Loss Exceeds $4 Billion

Zurich-based banking giant Credit Suisse intends to raise $4 billion from investors, lay off thousands of employees, and change its emphasis from investment banking to its wealthy clients as it strives to invest years of scandals behind it. Today, we announced our new strategy and transformation plan. Find out more here: https://t.co/40CU4bUl6Q #CSresults — Credit Suisse (@CreditSuisse) October 27, 2022 Following an unforeseen 4 billion Swiss franc shortfall in the Q3 of the year, the Swiss lender released a blueprint for sustainability on Thursday, according to its chairman Axel Lehmann. Investors were unimpressed with the statement, which came after a The post Credit Suisse Outlines Radical Plan as Q3 Loss Exceeds $4 Billion appeared first on Cryptoknowmics-Crypto News and Media Platform.