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Credit Suisse (CS) aims to strengthen its capital base via its earnings and has no plans to...
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Sunday, June 17, 2012, 9:58 AM ETCredit Suisse (CS) aims to strengthen its capital base via its earnings and has no plans to issue new shares, CEO Brady Dougan tells the SonntagsZeitung paper. "We assume that we will generate enough profit in the coming quarters to create extra equity capital," says Dougan, who was reacting to SNB comments that sent its shares spiraling on Thursday.
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I hope he knows enough about business to run the bank. Since when did profits at to equity capital?