As S&P Downgrades Credit Suisse, Middle East Owners Could Own More of the Bank

Posted on 11/02/2022


As Credit Suisse Group AG moves closer to junk bond status, a number of investors are rallying behind the troubled Swiss bank. S&P downgraded Credit Suisse to BBB-, which is one level above junk status. Last week, Credit Suisse claims it will raise roughly US$ 4 billion in new capital. The Financial Times reported that…

    Get News, People, and Transactions, Delivered to Your Inbox