In a small but lucrative corner of the market for structured credit products, boutique funds run by former Credit Suisse ...
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 ...
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 ...
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 seems to have been particularly susceptible ... The bank then lost $4.7bn (£3.6m) after providing services to Archegos Capital, a hedge fund that collapsed in 2022.
UBS Group AG has removed Credit Suisse’s signs at its one-time arch-rival’s former headquarters in Zurich, replacing them ...
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.
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 ...