Stock Markets Today: Credit Suisse capital, China Covid curbs, Tesla, FTX – Bloomberg

Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
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WATCH: Credit Suisse Raises $4.3 Billion Capital for Restructuring
Source: Bloomberg
Tassia Sipahutar
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Good morning. The end of a wild ride for Credit Suisse, the world will see an acceptance of Covid like no other and Tesla without Elon Musk. Here’s what people are talking about. 
Credit Suisse completed a 4 billion-franc ($4.3 billion), two-pronged capital increase, giving CEO Ulrich Koerner the funds needed to embark on a comprehensive restructuring of the troubled lender. Investors agreed to buy 98.2% of the stock on sale in a rights offer to raise 2.24 billion francs, it said in a statement late Thursday. The remainder of the stock will be sold in the market at or above the offer price of 2.52 francs a share. The successful rights offer spells the end of a wild ride for the troubled Swiss bank’s stock over the past weeks, when at one point a 13-day losing streak took the shares near the price of what was supposed to be a heavily discounted offer.

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