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US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management.
A former Credit Suisse banker voices his distrust.
UBS bankers aren't at all keen on their new colleagues.
The bank’s cost-cutting is more severe than Wall Street peers as Credit Suisse carves out its investment bank and absorbs losses from the Archegos and Greensill scandals.
By Pamela Barbaglia (Reuters) - Credit Suisse's latest shake-up has led to the promotion of some senior executives to more powerful roles while others...