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BusinessCredit Suisse offers big blocks of Discovery, iQIYI shares related to Archegos - sources Reuters 3 minutes read The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann Credit Suisse (CSGN.S) put large blocks of shares in media company Discovery Inc (DISCA.O), and iQIYI Inc (IQ.O) on the market after regular trading ended on Tuesday, multiple sources said, as the bank continued unwinding positions related to last month’s meltdown of Archegos Capital. Credit Suisse has not yet finished unwinding its Archegos p...

The world might have gone mad, but does this also present awesome buying opportunities for the shrewd investor?

Credit Suisse offers big blocks of Discovery, iQIYI shares related to Archegos: sources FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich (Reuters) – Credit Suisse put large blocks of shares in media company Discovery Inc and iQIYI Inc on the market after regular trading ended on Tuesday, multiple sources said, as the bank continued unwinding positions related to last month’s meltdown of Archegos Capital. Credit Suisse has not yet finished unwinding its Archegos positions, said one source familiar with the matter. The bank has taken a $4.7 billion hit from dealings with A...

Rattled Archegos stocks investable again after US$194B blow Divya Balji, Bloomberg News The stocks that were hammered as collateral damage in the liquidation of Archegos Capital Management are seeing a silver lining from their slump: they’re becoming investable again. Companies including U.S. media conglomerates ViacomCBS Inc. and Discovery Inc., as well as apparel retailer Farfetch Ltd. saw a total of about US$194 billion in market value erased as banks from New York to Zurich to Tokyo unwound leveraged equity bets by Archegos. At first, the forced selling in such a specific group of sh...

In an era of prosperity for investment banks, Credit Suisse Group AG is careening from one crisis to another and then another -- this time, with a $4.7 billion writedown tied to billionaire investor Bill Hwang’s trading blowout. The staggering hit -- the largest yet linked to market-shaking losses run up by Hwang’s Archegos Capital Management -- prompted sweeping management changes at the Swiss bank Tuesday and cast fresh doubt on its checkered record of managing risks. It caps a catalog of costly errors at Credit Suisse -- most recently the collapse of Greensill Capital -- in what was ...