Credit Suisse CEO scraps 1600 Jobs. “Not my job to do great things but to have success”… plans to raise $6.3 billion in new capital

Google Translate:
At a press conference CS boss Tidjane Thiam has given the most important changes of the strategy known.
https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http://www.tagesanzeiger.ch/wirtschaft/konjunktur/die-credit-suisse-informiert-ueber-die-neuerungen/story/25373022
https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http://www.blick.ch/news/wirtschaft/cs-spart-3-5-milliarden-thiam-streicht-1600-jobs-in-der-schweiz-id4279413.html
He’s actually a nice guy…
Thiam Quote: “We are not going to create a bloodbath»
https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http://www.20min.ch/finance/news/story/-Wir-werden-kein-Blutbad-veranstalten–20268468

Credit Suisse plans $6.3 billion capital increase

ZURICH– Credit Suisse Group AG revealed details of a planned overhaul under its new chief executive on Wednesday including raising roughly 6 billion Swiss francs ($6.3 billion) in new capital, as the Swiss bank delivered a set of disappointing third-quarter results.
Incoming CEO Tidjane Thiam took over at Zurich-based Credit Suisse in July, and has been widely expected to implement changes at the lender including a downsizing of its relatively expensive, and relatively high-risk, investment bank unit. Credit Suisse said on Wednesday it plans to “significantly” reduce the use of capital at its investment bank.
Credit Suisse said it would raise fresh capital through both a rights offering and private placement.
http://www.marketwatch.com/story/credit-suisse-plans-63-billion-capital-increase-2015-10-21?dist=beforebell