Credit Suisse warns of a $4.6 billion charge after Archegos blow-up - and says several top executives are leaving
Credit Suisse will absorb a $4.7 billion writedown in the wake of the Archegos blow-up - and says several top executives are leaving snagarajan@businessinsider.com (Shalini Nagarajan) Credit Suisse disclosed a $4.7 billion hit on Tuesday after the Archegos Capital meltdown. Investment bank CEO Brian Chin and risk boss Lara Warner are leaving the bank in April. The European lender has proposed a dividend cut and waived bonuses for the 2020 financial year. Popular Searches The European lender sees an overall loss of $958 million for the first quarter after two significant crises...
Source: msn.com