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Credit Suisse outlines Saudi-backed plan to raise $4bn

27-10-2022 BERN/ RIYADH: Swiss bank Credit Suisse has announced plans to raise billions in new capital, slash 9,000 jobs and revamp its investment banking unit, in the latest effort to turn the group’s fortunes around. Switzerland’s second-biggest lender reported huge third-quarter losses on Thursday as it launched a strategic review …

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