Credit Suisse joins risk fund

Credit Suisse will raise $800m (£510m) for a new fund aimed at helping banks reduce the amount of capital they must hold under new global banking rules. The Christofferson Robb & Company (CRC) fund will help banks transfer risk, accroding to the Financial Times. Demand for such funds is thought to be high. A letter obtained by the paper said: “CRC estimates that the first Capital Release Fund will tap less than one per cent of potential demand from European bank.”