Deals
Credit Suisse Has No Plans to Sell Shares, CEO Dougan Says
This article is for subscribers only.
Credit Suisse Group AG has no plans to sell shares, Chief Executive Officer Brady Dougan said after a central bank report called for a “marked increase” in capital this year.
The bank may continue to offer owners stock rather than cash as dividends to boost equity, Dougan told SonntagsZeitung, saying he’s “disappointed” by the Swiss National Bank report as the capital calculation is incomplete. Marc Dosch, a spokesman for Credit Suisse in Zurich, confirmed the remarks.