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Credit Suisse to reveal losses from Archegos; 2 execs to depart -sources Toggle share menu Advertisement Credit Suisse to reveal losses from Archegos; 2 execs to depart -sources Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos in an investor update Tuesday, sources familiar with the matter said. FILE PHOTO: The logo of Swiss bank Credit Suisse i...

Switzerlands No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to Archegos, said Chief Risk Officer Lara Warner and Brian Chin, the banks investment banking head, were stepping down following the losses

Credit Suisse Could Face Further Archegos Impact This Quarter This content was published on April 6, 2021 - 11:12 April 6, 2021 - 11:12 (Bloomberg) -- Credit Suisse Group AG could see further impact from the Archegos Capital Management blowup this quarter as it winds down residual positions. While the Swiss bank has substantially reduced its exposure, the sale of about $2.3 billion worth of stocks via block trades this week didn’t affect the first-quarter figures, according to a person famili...

Provided by Dow Jones By Juliet Chung and Margot Patrick Investor Bill Hwang set off a storm in the stock market in March when his firm, Archegos Capital Management, and its banks, began liquidating huge positions in blue-chip companies, according to people familiar with the transactions. The sales sent individual stocks swooning and have left at least three banks with major damage. Credit Suisse said on April 6 that it would take a $4.7 billion hit because of the meltd...

4 Min Read NEW YORK (Reuters) - Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over $2 billion worth of stock to end exposure to the troubled investor, two sources familiar with the matter said. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann The episode, which analysts have said could cost the Swiss bank several billion dollar...

Swiss lender has sold shares linked with troubled investment firm at a loss weeks after the collapse of another client.

Publishing date: Apr 06, 2021  •  1 hour ago  •  4 minute read  •  Article content ZURICH — Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk division. The scandal-hit bank now expects to post a loss for the first quarter of around 900 million Swiss francs. It is also suspending its share buyback plans and cutting its divi...

Paul Harris Top Picks: April 6, 2021 With US$1 trillion of distress gone, debt pickers find scraps The Robinhood generation is debating old school investors on trading stocks Stocks decline in slowest trading day of this year Larry Berman: S&P 500 earnings expectations rise into sell-in-May rally Brian Maddens Top Picks: April 5, 2021 Goldman axes short dollar call as U.S. yields spoil bet As meme stock mania fizzles, Wall Street sees ‘big reckoning’ S&P 500 breaks above 4,000 as bull...

Credit Suisse to detail losses from Archegos, two execs to depart The episode, which analysts have said could cost the Swiss bank several billion dollars, is also expected to result in the departures of Chief Risk Officer Lara Warner and Brian Chin, the banks investment banking head, the sources said Reuters | April 6, 2021 | Updated 20:55 IST The two executives are paying the price for a year in which Credit Suisses risk management protocols have come under harsh scrutiny Credit Suisse Group ...

Tech Leads Losses in S&P 500; Treasuries Climb: Markets Wrap Bloomberg 19 mins ago Rita Nazareth (Bloomberg) -- Tech companies dragged down the S&P 500 after a rally that sent stocks to all-time highs. Treasuries rose, while the dollar fell. The U.S. equity benchmark halted a three-day advance. The Dow Jones Industrial Average and the Nasdaq 100 also retreated. Stocks tied to the Archegos Capital Management crisis whipsawed after Credit Suisse Group AG unloaded more than $2 bi...