CS To Raise £510 Mln For Capital Fund

28 Oct 2010

Credit Suisse is raising £510 million ($800 million) for a fund to help banks meet increased capital requirements.

Credit Suisse is raising £510 million ($800 million) for a fund to help banks meet increased capital requirements. The so-called CRC Capital Release Fund, launched earlier this year by Christofferson Robb, allows banks to satisfy regulatory requirements if a “significant risk transfer” of risky assets has occurred.

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