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Credit Suisse Shares Hit Record Low on Strategy Questions

  • Reuters reported talks of potential US exit, capital raise
  • Credit Suisse slumps as much as 8% in early Zurich trading
Bloomberg business news
WATCH: Credit Suisse Group has denied a Reuters report that it is considering exiting the US market. Nicholas Comfort reports.Source: Bloomberg
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Credit Suisse Group AG shares slumped to a record low as investors signaled that doubts remain over the troubled lender’s upcoming strategy revamp and its capital position. 

The bank on Thursday issued a denial after a Reuters report that it’s weighing moves as drastic as its investment bank exiting the US market. The firm also faces questions of whether it will need to raise capital through asset sales or a stock offering to fund any moves it plans to make in a new strategy that’s due next month.