Credit Suisse shares tank 10% on restructuring, capital concerns- source cnbc

-Shares of Credit Suisse plunged nearly 10% in Europe’s morning session, after the Financial Times reported the Swiss bank’s executives are in talks with its major investors to reassure them amid rising concerns over the Swiss lender’s financial health. -Spreads of the bank’s credit default swaps (CDS), which provide investors with protection against financial risks such as default, rose sharply Friday. -They followed reports the Swiss lender is looking to raise capital, citing a memo from its Chief Executive Ulrich Koerner.