The collapse of Archegos, a United States investment fund, has left the Swiss bank nursing an anticipated pretax loss of nearly US$1bil (RM4.12bil) for the first quarter. That, plus the demise of another client, Greensill Capital, have triggered internal and external probes and the ousting of a swathe of executives.
ZURICH: While Wall Street rivals feast off a boom in trading and deals, Credit Suisse is stuck in limbo.
The collapse of Archegos, a United States investment fund, has left the Swiss bank nursing an anticipated pretax loss of nearly US$1bil (RM4.12bil) for the first quarter. That, plus the demise of another client, Greensill Capital, have triggered internal and external probes and the ousting of a swathe of executives.
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