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Credit Suisse is not UBS from 2008

by Alexandra Hartman Editor-in-Chief

On Wednesday, Credit Suisse took an essential step. The bank obtained the agreement of its shareholders to carry out a capital increase which should make it possible to finance its massive restructuring announced at the end of October. Still, a further expected loss for the current quarter of up to 1.5 billion francs, and details of the ongoing exodus of customers, raised further concerns.

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