Credit Suisse Plans Hedge Fund Unit Overhaul After Archegos Hit
Credit Suisse Plans Hedge Fund Unit Overhaul After Archegos Hit This content was published on April 9, 2021 - 11:16 April 9, 2021 - 11:16 (Bloomberg) -- Credit Suisse Group AG is planning a sweeping overhaul of the hedge fund business at the center of the Archegos Capital blow up, as the drama forces Wall Street banks to reconsider how they finance some of their most lucrative clients. The Swiss bank is weighing significant cuts to its prime brokerage arm in coming months, people familiar with the plan said. The lender has already moved to tighten financing terms with some funds, and hopes ch...