Andrew Isbester: «Credit Suisse's Massive Conflict of Interest»
Andrew Isbester Andrew Isbester: «Credit Suisse's Massive Conflict of Interest» finews.asia's editor-at-large Andrew Isbester writes. I am going to go out on a limb here – Credit Suisse’s mess for this week, Archegos Capital Management, does not look much like a failure in risk management at all. At least on the surface. Although the losses are likely to be borne by the investment bank, I cannot imagine for a minute that its wealth management business did not have some form of individual banking relationship with Bill Hwang. And if it did not, you can be pretty certain that private b...
Source: finews.com