(Bloomberg) -- Credit Suisse shares fell as investors questioned Tidjane Thiam's plan to reorganize the company along geographical lines, place the investment bank at the service of wealth management and hold an initial public offering of the Swiss business.
The multi-year plan coincided with third-quarter results that missed analyst estimates, partly because of a bigger-than- expected drop in managing clients' money, the business the company wants to expand. Credit Suisse will sell 6.05 billion Swiss francs ($6.3 billion) in shares to boost capital and meet regulatory requirements, it said Wednesday.
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