Edward Evans, Columnist

Credit Suisse Shows Peril of Winters’s Capital Bet: Edward Evans

October 9, 2015 at 12:29 PM UTC

Edward Evans is a managing editor with Bloomberg Opinion. He is former managing editor for European finance at Bloomberg News.

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Tidjane Thiam is making the safe call. Bill Winters at Standard Chartered is making a brave and potentially costly one.

Thiam looks like he’s getting the pain over quickly for Credit Suisse shareholders by raising capital in his first big move since becoming CEO in June. The Financial Times reports he will seek to raise more than $5 billion. That should give him plenty of headroom to meet any hefty restructuring charges as he reshapes the lender.