Thiam hopes to be second time lucky with Sfr4bn CS recap

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Thiam hopes to be second time lucky with Sfr4bn CS recap

Credit Suisse_PA_230x150
A general view of the Credit Suisse private bank offices on February 18, 2015 in Geneva, Switzerland. - NEWZULU/REMY GENOUD | REMY GENOUD/PA Images

Credit Suisse shares closed 2.7% higher on Wednesday after the bank confirmed what had been widely expected: it will conduct its second rights issue in 18 months, and scrap its plan to float its Swiss Universal Bank.

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