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Home Credit Suisse 
Investors look for answers from Credit Suisse earnings after Archegos and Greensill sagas

Investors look for answers from Credit Suisse earnings after Archegos and Greensill sagas

Posted By: Editorial Teamon: April 21, 2021In: BUSINESS, ECONOMY, MARKETING, NEWSNo Comments

Following the booming profit beats of its Wall Street rivals, Credit Suisse is expected to report a significant loss on Thursday as it navigates the fallout from two high-profile crises. The Swiss lender announced earlier this month that it took a $4.7 billion hit from the meltdown of U.S. family hedge fund Archegos Capital and now expects a […] Read more

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Banks warn of ‘significant losses’ as they exit positions with large U.S. hedge fund

Banks warn of ‘significant losses’ as they exit positions with large U.S. hedge fund

Posted By: Editorial Teamon: March 29, 2021In: ECONOMYNo Comments

LONDON — Credit Suisse and Nomura warned Monday of “significant” hits to first-quarter results, after they began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. While neither Credit Suisse nor Nomura named the fund, it’s been widely reported that Archegos Capital Management is the firm connected to the fire sale. In a […] Read more

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