Credit Suisse gets £5bn boost
CREDIT Suisse has resisted a bail-out offer by raising private capital.
The bank based at Cabot Square revealed on Thursday, October 16, it had raised capital of £5billion from groups including the Qatari Investment Authority.
Credit Suisse's chief executive Brady Dougan said: "The measure will give us unquestioned capital strength. This is of paramount importance in these markets."
Credit Suisse turned down an offer from the Swiss National Bank to take the Canary Wharf bank's toxic loans.
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