BERLIN (Reuters) - Credit Suisse will raise 4 billion Swiss francs ($4.06 billion)of fresh capital through the issuance of new shares to qualified investors and through a rights offering, the Swiss bank said on Thursday, outlining an overhaul to its business that will see it cut thousands of jobs.

The Swiss bank said that it intended to separate its investment bank to create CS First Boston, focused on advisory and capital markets, and hoped to attract third-party capital and a set up a partnership with the new Credit Suisse.

It said it would create a Capital Release Unit to wind down non-strategic, higher risk businesses.
Source: Investing.com
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