Credit Suisse, monstrous loss and horse care: it will cut 9 thousand employees by 2025. Via a capital increase, the Saudis will rise to 9.9%

LUGANO – After 4 heavily negative financial years, which in 12 months caused Credit Suisse to lose 5.9 billion francs, the second most important Swiss bank is finally taking action by presenting a long-overdue restructuring plan. That, however, has not reassured the shareholders for the moment, given that, at the opening, on the Zurich stock exchange, the Credit Suisse share lost double figures in the morning on the Zurich stock exchange.

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