News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Credit Suisse attracts Temasek and Southeast Asia boost

Strategic investors from Southeast Asia support new capital raising at Swiss bank, as chief executive Brady Dougan brings forward the group's second-quarter results

Singapore government fund Temasek and a group of Southeast Asian strategic investors are to invest in European bank Credit Suisse, as the bank looks to boost its core-capital after concerns from the Swiss National Bank.

The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.

WSJ Logo