Credit Suisse said on Friday it has made an offer to repurchase up to 3 billion Swiss francs ($3 billion) of senior debt securities. The lender’s shares and bonds plunged this week amid worries about its ability to restructure the business without asking for more money. The bank has had to raise capital, halt share buybacks, cut its dividend and revamp management after losing more than $5 billion from the collapse of investment firm Archegos in March 2021. Bank is due to present its new business strategy on Oct. 27, when it announces third-quarter results. Moody’s Investors Service expects losses for the bank to swell to $3 billion by year-end, potentially bringing its core capital below the key 13% level. . . .
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