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Credit Suisse investment bank head, chief risk officer to depart -sources

By Reuters Staff
1 Min Read
NEW YORK, April 5 (Reuters) - Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos in an investor update Tuesday, sources familiar with the matter said.
The Swiss bank will say that Chief Risk Officer Lara Warner and Brian Chin, CEO of its investment bank, will leave the bank, the sources said on Monday. (Reporting by Matt Scuffham; Editing by Leslie Adler) ....

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Credit Suisse to reveal losses from Archegos; 2 execs to depart -sources

Credit Suisse to reveal losses from Archegos; 2 execs to depart -sources
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Credit Suisse to reveal losses from Archegos; 2 execs to depart -sources
Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos in an investor update Tuesday, sources familiar with the matter said.
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann
06 Apr 2021 06:30AM
(Updated:
06 Apr 2021 11:00AM)
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NEW YORK -Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over US$2 billion worth of stock to end exposure to the troubled investor, two sources familiar with the matter said. ....

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Credit Suisse execs to depart as bank details Archegos losses - sources

6 Min Read
ZURICH (Reuters) - Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk divisions.
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann
The scandal-hit bank now expects to post a loss for the first quarter of around 900 million Swiss francs. It is also suspending its share buyback plans and cutting its dividend by two thirds.
Switzerland’s No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to the New York investment fund run by former Tiger Asia manager Bill Hwang, said Chief Risk and Compliance Officer Lara Warner and investment banking head Brian Chin were stepping down following the losses. ....

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Credit Suisse overhauls leadership as it bears $4.7 billion brunt due to Archegos dealings

Switzerland s No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to Archegos, said Chief Risk Officer Lara Warner and Brian Chin, the bank s investment banking head, were stepping down following the losses ....

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Credit Suisse investment bank head, chief risk officer to depart: sources

NEW YORK (Reuters) - Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to. ....

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