Credit Suisse Needs the Deal of the Decade

Credit Suisse latest restructuring plan will require all the deal-making prowess it can muster.

Shares of the Swiss bank have tumbled to record lows this week in reaction to a drip-feed of leaks about how its new board might overhaul the business. On Friday, a Reuters report that it was sounding out investors about raising more capital sent the stock down 12% by the European close to trade at around 21% of book value.