EXCLUSIVE-Credit Suisse sounds out investors about capital hike - sources

By Oliver Hirt

FRANKFURT, Sept 22 (Reuters) - Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in roughly seven years as it attempts a radical overhaul of its investment bank.

The bank started in recent weeks to speak to investors about the move, the people said. Various scenarios are under discussion for the investment bank, including the most drastic option of largely exiting the U.S. market, two sources said.

It is unclear how keen investors are and interest may be dampened by the fact that the bank, which has struggled with a string of scandals, has gathered almost 12 billion francs ($12.22 billion) in capital since 2015 - almost equivalent to its current market value.

Shares fell on the news and closed down 5.5% at 4.647 francs, plumbing their lowest on record. The sources said no decisions have been made, and did not elaborate on how much cash the bank would seek to raise.

A Credit Suisse CSGN.S spokesperson said: We have said we will update on progress on our comprehensive strategy review when we announce our third-quarter earnings. It would be premature to comment on any potential outcomes before then.