https://m.economictimes.com/news/international/business/credit-suisse-in-spotlight-ahead-of-strategy-shift/articleshow/95067573.cms
With only days to go before unveiling a major strategic overhaul, Credit Suisse is racing to firm up sales of parts of its business that could reduce the amount of cash it might need from investors.The embattled Swiss lender is trying to recover from a string of scandals and lawsuits and could embark on a fundamental revamp to slim down volatile investment banking to focus on wealth management.
Analysts estimate it could face a capital shortfall of up to 9 billion Swiss francs ($9.01 billion) -- depending on what it does to scale back its investment bank and how much it raises from asset sales -- to restructure, support growth and have a safety cushion."
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