Credit Suisse losses linked to Archegos fire sale hit $4.7 billion, with executives to leave bank
April 06, 2021 at 05:12 AM EDT
Losses at Credit Suisse linked to the meltdown of Archegos Capital Management will top 4.4 billion Swiss francs ($4.7 billion), the bank said on Tuesday, as it slashed its dividend and detailed executive departures following two crises in the quarter.
