Credit Suisse seeks banks to work on fundraising: Handelsblatt

ZURICH (Reuters) - Credit Suisse has invited international banks to apply to work on the Swiss bank's potential fundraising, German newspaper Handelsblatt reported on Wednesday, citing sources.

A Credit Suisse spokesman said the bank does not comment on media speculation.

The Financial Times last week reported Credit Suisse planned to tap investors for a "substantial" capital raising to fund a restructuring of the bank.

New chief executive Tidjane Thiam will provide details of the overhaul when the bank reports results next week.

Since taking charge of Credit Suisse in July, Thiam has signaled a desire to focus on banking for the world's wealthy, particularly in Asia.

(Reporting by Joshua Franklin. Editing by Jane Merriman)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• New Zealand to introduce bill banning social media for children under 16
• Shein to pay nearly $40 million fees to expanded roster of Hong Kong IPO banks
• Shein's pursuit of an IPO: From New York to London to Hong Kong