Credit Suisse, Switzerland's second biggest bank, is to raise a total of 6.05 billion Swiss francs ($6.2 billion) in fresh capital through a rights issue and private placement, as its new chief executive tries to address investors' concerns.
Tidjane Thiam, brought in as chief executive in July from insurer Prudential, told CNBC the amount was "less than a lot of the numbers I have read".
"I wanted to take capital off the table, so that when we meet we can talk about the business," he added.
The bank is considering moving nearly 2,000 back-office jobs out of London, with a potential saving of 230 million Swiss francs, because of the U.K. capital's high costs, Thiam told reporters. If this move goes ahead, it could potentially damage London's status as a global financial center.
The bank will also cut jobs in Switzerland over the next three years through natural attrition.
The Zurich-based bank also reported slightly disappointing net income for the three months to September 30 of 779 billion Swiss francs, and core pre-tax profit of 861 million Swiss francs. The bank warned that both wealth management and the investment bank had been impacted by low client activity and adverse market conditions.