(Bloomberg) -- Credit Suisse fell after a Swiss newspaper reported that CEO Tidjane Thiam may raise capital as he overhauls the business.
Thiam will present a strategy in October that includes plans to sell the U.S. private bank and scale back the lender's prime brokerage and fixed-income businesses, Schweiz am Sonntag reported on Sunday. Those measures may be accompanied by a capital increase, the newspaper said, without identifying its sources. A spokesman at Credit Suisse in Zurich declined to comment.
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