Credit Suisse (CS) announces it will boost capital by 8.7B Swiss francs ($8.9B), with a possible...

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

Credit Suisse (CS) announces it will boost capital by 8.7B Swiss francs ($8.9B), with a possible future increase of another 6.6B francs. It will also increase its cost savings target to 3B francs from 2B francs. Releases its earnings report a week early: Q2 net income rose to 788M francs from 768M francs a year earlier. (PR)