Browsing Tag:Credit

credit-suisse-replaces-executives-after-reporting-big-loss-from-archegos
Credit Suisse announced Tuesday that it would replace its investment bank head and head of risk and compliance after losses from its stake in Archegos Capital Management, the collapsed hedge fund, totaled nearly $ 5 billion.The Zurich-based bank is in turmoil after a series of disasters that have damaged its reputation and are likely to diminish its global clout....
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credit-suisse-takes-4-7-billion-hit-from-archegos-hedge-fund-scandal
A Swiss flag flies over a Credit Suisse sign in Bern, SwitzerlandFABRIC COFFRINI | AFP | Getty ImagesCredit Suisse announced several senior executives leaving Tuesday and proposed cutting its dividend as it weighs the heavy losses from the Archegos Capital saga.The Swiss lender now expects a pre-tax loss of around 900 million francs (960.4 million US dollars)...
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