Credit Suisse shareholders back capital increases

November 19, 2015 11:07 AM

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BERNE Nov 19 Credit Suisse shareholders on Thursday overwhelmingly backed capital increases totalling around 6 billion Swiss francs ($5.90 billion) to bulk up the Swiss bank's balance sheet and help fund a restructure.

A 1.32 billion franc private placement won nearly 95 percent support at a meeting in Berne, while a rights issue with expected gross proceeds of up to 4.7 billion francs got 96 percent of the vote.

Also read: Swiss to issue bonds with face value of just over 4 bln Sfr in 2017

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