Credit Suisse. After Archegos. Faces Tough Choices on Investment Bank

Credit Suisse. After Archegos. Faces Tough Choices on Investment Bank - WSJ

Credit Suisse’s investment bank is the Swiss lender’s profit engine. But after the Archegos and Greensill meltdowns. it is expected to be scaled back for safety.

When Credit Suisse Group AG announced a $4.7 billion hit from the Archegos Capital Management meltdown. there was a silver lining: The rest of its investment bank did so well in the quarter. the overall pretax loss would only be $1 billion. The situation exposes the bank’s dilemma.

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