Among the major banks that suffered huge losses as a result of Archegos' implosion were Credit Suisse, which has since become a part of UBS, Japan's Nomura and Morgan Stanley. Hwang's lawyers had ...

The Archegos debacle began rearing its head at the end of March, and within weeks, it became clear Credit Suisse was staring at more than $5 billion in losses and its prime brokerage business ...

In a small but lucrative corner of the market for structured credit products, boutique funds run by former Credit Suisse ...

In 2021, Credit Suisse was one of the banks involved in the Archegos Capital Management scandal, which caused it $4.7 billion in losses. Credit Suisse was also the lead investor in the failed ...

Credit Suisse has also been hit with huge losses in connection with the failed financial firm Greensill - which backed Liberty Steel - and Archegos, the US hedge fund which collapsed last year.

UBS Group AG has removed Credit Suisse’s signs at its one-time arch-rival’s former headquarters in Zurich, replacing them ...

Prior to its collapse, Credit Suisse had been shaken by repeated scandals in recent years, including the bankruptcy of British financial firm Greensill and the implosion of the US fund Archegos ...

More former Archegos Capital Management employees want to seek lost salaries and bonuses from ex-boss Bill Hwang, who is ...

Two of the world's biggest investment banks have warned their profits are likely to be severely affected by a crisis at a US hedge fund. Switzerland's second-biggest bank Credit Suisse said it ...

Archegos had invested in the same small group of stocks at several banks. The losses spread across the banks that held the investments for the firm, including Morgan Stanley, UBS, Credit Suisse ...