UK Markets close in 4 hrs 48 mins
  • FTSE 100

    7,006.63
    +9.36 (+0.13%)
     
  • FTSE 250

    17,541.43
    -91.21 (-0.52%)
     
  • AIM

    815.54
    -0.66 (-0.08%)
     
  • GBP/EUR

    1.1425
    +0.0027 (+0.23%)
     
  • GBP/USD

    1.1196
    +0.0027 (+0.25%)
     
  • BTC-GBP

    17,826.49
    -249.60 (-1.38%)
     
  • CMC Crypto 200

    454.17
    -8.95 (-1.93%)
     
  • S&P 500

    3,744.52
    -38.76 (-1.02%)
     
  • DOW

    29,926.94
    -346.93 (-1.15%)
     
  • CRUDE OIL

    89.35
    +0.90 (+1.02%)
     
  • GOLD FUTURES

    1,715.20
    -5.60 (-0.33%)
     
  • NIKKEI 225

    27,116.11
    -195.19 (-0.71%)
     
  • HANG SENG

    17,740.05
    -272.10 (-1.51%)
     
  • DAX

    12,453.00
    -17.78 (-0.14%)
     
  • CAC 40

    5,938.60
    +2.18 (+0.04%)
     

Credit Suisse shares hit record low after report bank is looking to raise cash

·1-min read
FILE PHOTO: Switzerland's national flag flies in front of the headquarters of Swiss bank Credit Suisse in Zurich

LONDON (Reuters) - Credit Suisse shares dropped to a record low on Friday after a Reuters report said the company is looking to raise fresh cash.

Credit Suisse has started sounding out investors for a capital hike for the fourth time in seven years as it attempts a radical overhaul of its investment bank, which could include exiting the U.S. market, two sources told Reuters.

Shares in Credit Suisse fell over 7% in early trade to a record low of 4.26 francs.

Including Friday's move, shares are down over 50% this year and are on track for their worst yearly performance since 2008.

(Reporting by Samuel Indyk; Editing by Dhara Ranasinghe)