Credit Suisse's Archegos exposure racked up $20B - report

Thursday, 22. April 2021 02:25

Credit Suisse Group AG has accumulated over $20 billion in investments before the collapse of Archegos Capital Management LP, The Wall Street Journal reported citing people familiar with the matter.

The bank grappled with monitoring the investments and struggled to keep up with Archegos's fast growth before the company failed to meet margin calls, the people said.

Credit Suisse took a $4.7 billion blow from the meltdown of the hedge fund and is also facing probes by regulators in the US and Europe over the matter.

Related Links: Credit Suisse Group
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Breaking the News / NL