Credit suisse is working with Royal Bank of Canada and Morgan Stanley on a potential capital increase to fund its upcoming overhaul, «Bloomberg» (behind paywall) reports, citing people familiar with matter.

The bank could be aiming to raise at least $2 billion to pay for the bank's restructuring and operating losses over the next couple of years, the people said.

Such a move supports the idea that the bank plans to get rid of certain parts of the investment bank and as well as its asset management business in the US, the report said.

«Project Ghana»

The capital increase is dubbed «Project Ghana» and could commence after the bank announces its new strategy on October 27, according to the sources.

Until now, analyst have estimated that the bank would need to raise up to $8 billion to cover its restructuring.