"Credit Suisse Group AG" Archives

Credit Suisse Reveals Massive $4.7 Billion Loss from Archegos Fiasco

by bondevalue | Apr 7, 2021 | Financial Institution Bonds

Credit Suisse (CS) revealed a massive $4.7bn writedown tied to the Archegos Capital fiasco. With this, the bank also let go of at least seven senior executives, traders and risk managers. This would see the bank report an estimated first quarter loss of ~$960mn after...

CS Sells $2.3bn of Stock Linked to Archegos; Risk Chief and IB Head Leave

by bondevalue | Apr 6, 2021 | Financial Institution Bonds

After the recent Archegos Capital related collapse impacting Credit Suisse’s financials, ET reports that CS has unloaded about $2.3bn of stock tied to Archegos yesterday to salvage some of its expected losses. The sale comprised about 34mn shares in ViacomCBS, 14mn...

Credit Suisse Warns of Hit Related to Supply Chain Funds Post Greensill Collapse

by bondevalue | Mar 17, 2021 | Financial Institution Bonds

Swiss banking major Credit Suisse (CS) warned of having to book a charge over its dealings with Greensill Capital. Reuters notes that CS had about $10bn of supply-chain finance funds that bought into Greensill’s notes/bonds. Besides, CS is trying to recoup a $140mn...

Credit Suisse Reveals Massive $4.7 Billion Loss from Archegos Fiasco

CS Sells $2.3bn of Stock Linked to Archegos; Risk Chief and IB Head Leave

Credit Suisse Warns of Hit Related to Supply Chain Funds Post Greensill Collapse

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Credit Suisse Reveals Massive $4.7 Billion Loss from Archegos Fiasco

CS Sells $2.3bn of Stock Linked to Archegos; Risk Chief and IB Head Leave

Credit Suisse Warns of Hit Related to Supply Chain Funds Post Greensill Collapse

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