Credit Suisse May Not Need IPO to Bulk Up Buffers, Herro Says

Credit Suisse Group AG may not need to sell stock in its Swiss unit to raise capital after the bank resolved a major legal issue, according to Harris Associates, one of its biggest investors. The bank announced in December that it would pay more than $5 billion to end a years-long U.S. investigation into the role of its mortgage securities business in the 2008 financial crisis.