August 30, 2016 / 5:36 AM / a year ago

Capital Group Companies ups Credit Suisse stake to 5.051 percent

The logo of Swiss bank Credit Suisse is seen below the Swiss national flag at a building in the Federal Square in Bern May 15, 2014. REUTERS/Ruben Sprich/File Photo

ZURICH (Reuters) - U.S. asset manager Capital Group Companies has increased its holdings in Swiss bank Credit Suisse (CSGN.S) to 5.051 percent, the Swiss stock exchange said on Tuesday.

In a previous disclosure on April 21, 2015, the Los Angeles-based shareholder held 3.0142 percent of Credit Suisse shares.

A spokesman for Credit Suisse, Switzerland’s second-largest lender, declined to comment.

Reporting by Joshua Franklin

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