# Credit Suisse shares hit record low after report bank is looking to raise cash
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-23
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Credit Suisse Shares Drop to Record Low Amid Capital Raise
Meta Description: Credit Suisse's shares hit a record low after report of fresh cash raise. Find out more on the radical overhaul plan for the investment bank.
URL: https://financedigest.com/credit-suisse-shares-hit-record-low-after-report-bank-is-looking-to-raise-cashhtml

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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](https://www.financedigest.com/mitsubishi-ufj-to-postpone-at1-bond-issuance-in-credit-suisse-fallout.html "Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout") 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](https://www.financedigest.com/worst-flooding-since-1998-leaves-33bn-economic-toll-in-china-according-to-aon-catastrophe-report.html "Worst flooding since 1998 leaves bn economic toll in China, according to Aon catastrophe report") 2008.

(Reporting by Samuel Indyk; Editing by Dhara Ranasinghe)


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