Itâs a little bit of history repeating in Credit Suisseâs litany of losses
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April 21, 2021 â 12.40pm
April 21, 2021 â 12.40pm
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There are echoes of a familiar and not-so-distant past in the litany of woes and losses that have engulfed Credit Suisse this year.
The $US4.7 billion ($6.1 billion) of losses from its exposure to the implosion of hedge fund Archegos Capital; the multi-billion exposures of the bank and, more particularly, its clients to the abrupt demise of Greensill Capital and its related exposures to the Greensill-funded steel empire of Sanjeev Gupta are the latest in a series of embarrassing misadventures over the past year.