Credit Suisse offers to buy back $3bn of its own debt
Credit Suisse has offered to buy back SFr3bn ($3bn) of its debt after a bruising week in which the Swiss lender’s financial health has faced intense scrutiny.
The move to repurchase the securities early, which are denominated in dollars, euros and pounds, comes as Credit Suisse has sought to reassure investors over the strength of its balance sheet.
Chief executive Ulrich Körner, who was installed by chair Axel Lehmann in July, has promised to set out a plan to overhaul the lender, strip back its investment bank and increase profitability.
This story originally appeared on: Financial Times - Author:Robert Smith
