Credit Suisse CS said Wednesday that it will raise around $4 billion in a rights issue that will seek to bolster its balance sheet to match European rivals.
Mike Mayo lost his job in February. But the fiery Wall Street veteran, who has a reputation for badgering CEOs, isn't going away. On Tuesday, he'll attend Citigroup's shareholder meeting.
A vote for the status quo lights a fire under European markets, which translates to a great day for Wall Street.
Stocks enjoy their biggest gains since the beginning of March after centrist Emmanuel Macron wins the first round of the country's presidential elections over far-right Marine Le Pen.