Credit Suisse to raise $4 billion in rights issue, ditches Swiss unit IPO

ZURICH (Reuters) - Credit Suisse will raise around 4 billion Swiss francs ($4 billion) (3.14 billion pounds) through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit.

from Reuters: Top News http://uk.reuters.com/article/uk-credit-suisse-gp-results-idUKKBN17S0F6?feedType=RSS&feedName=topNews