The bank has reported a 2.6% rise in second-quarter profits and has also announced that it will try to raise 8.7 billion Swiss francs (US$8.9 billion) from investors to boost its capital buffers.

Further, its second-quarter earnings attributable to shareholders had increased to 788 million francs (US$806 million) from 768 million francs in the same quarter of 2011.

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The news has led to its shares on the Zurich exchange to rise by more than 6%, to 18.20 francs (US$18.62).

Additionally, Credit Suisse said that it plans to raise 3.8 billion francs of the capital from the placement of so-called contingent convertible bonds underwritten by investors from Qatar, Saudi Arabia and Singapore.

Chief Executive Brady Dougan stated that the measures "should completely put any capital questions to rest" by almost doubling the bank’s capital ratio compared with the first quarter.

Credit Suisse also said it plans to save 1 billion francs by the end of 2013, after cutting 2 billion francs in costs by mid-year 2012 and announcing plans last year to shed 3,500 jobs.

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