Credit Suisse Rights Sell-Off Spells Worst Year for Its Shares

Credit Suisse shares slid below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in a cash call aimed at raising $2.3 billion for the loss-making bank. The offering, part of a broader capital raise worth 4 billion francs which won shareholder approval last week, is intended to help fund Credit Suisse’s attempt to recover…