Page 9 - தலைமை ஆபத்து அதிகாரி லாரா எச்சரிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Credit Suisse Group AG will take a 4.4 billion franc ($4.7 billion) writedown tied to the implosion of Archegos Capital Management and replace more than half a dozen executives in response to the firm’s worst trading debacle in over a decade. The charge will result in a pretax loss of about 900 million francs for the first quarter, the bank said in a statement Tuesday, putting it on track for its second straight net loss. Credit Suisse scrapped bonu­ses for top executives, cut its dividend and suspended share buybacks to protect its capital. Investment bank head Brian Chin and Chief Risk Officer Lara Warner are leaving. Chief Executive Officer Thomas Gottstein vowed he will draw “serious lessons” from the Archegos loss and the collapse of Greensill Capital last month as they leave him with little room for further missteps.

Kian abouhosseinBrian chinLara warnerAmit ranjanThomas gottsteinJpmorgan chase coCredit suisse groupCredit suisseVipshop holdings ltdArchegos credit suisse groupSuisse groupArchegos capital managementChief risk officer lara warnerExecutive officer thomas gottsteinGreensill capitalArchegos capital