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Join the Securities Litigation and Enforcement Group on LinkedInNow It’s Credit Suisse’s Turn: Swiss Bank Hit with Securities Suit | The D&O Diary
Earlier this week, securities class action lawsuits were filed against the recently failed U.S. banks, Silicon Valley Bank and Signature Bank. The turmoil that surrounded those banks’ failure sent ripples into the global banking industry; one of the institutions particularly affected by the ensuing turbulence was the European banking giant, Credit Suisse. After a series […]
Credit Suisse Takes $4.7 Billion Hit on Archegos Meltdown – WSJ
Credit Suisse Group AG reported a $4.7 billion hit from the meltdown of Archegos Capital Management, slashed its dividend and said its investment banking and risk chiefs would leave the bank. The Swiss lender has been the hardest hit by the collapse late last month of Archegos, a U.S. family investment firm, suffering a major […]