Scathing report highlights internal failures relating to Archegos at Credit Suisse
The report found that the investment bank’s risk divisions continuously failed to address frequent exposure limit breaches by the family office.
Tag: Credit Suisse
Goldman Sachs exec appointed risk chief at Credit Suisse following Archegos collapse
New chief risk officer from Goldman Sachs replaces former risk chief Lara Warner who was ousted following the Archegos Capital scandal in April.
Sell-Side
The collapse of Archegos Capital Management
As the fallout of the collapse of Archegos Capital sent shockwaves across the global community, Hayley McDowell examines this tale of winners and losers as questions about the future of prime brokerage are brought to the fore.
Credit Suisse hires engineering exec from Goldman Sachs as technology chief
New chief technology and operations officer joins Credit Suisse from Goldman Sachs most recently as head of EMEA technology and quality assurance engineering.
Credit Suisse to pay $1.5 million for swap data reporting failures
Registered swap dealers at Credit Suisse were found to have inaccurately reported swap transactions by the US derivatives regulator.
Barclays hires emerging markets sales co-head for trading at Credit Suisse
New head of EMEA emerging markets macro and local sales brings 20 years of emerging markets sales experience at Credit Suisse to the role.
Archegos scandal squashes highest equities revenues for large banks in a decade
According to the Coalition Greenwich index, equities revenues reached one of the highest quarterly revenues in a decade excluding losses related to the Archegos scandal.
Bank of America, Credit Suisse and Credit Agricole fined €28 million for role in bond trading cartel
Deutsche Bank blew the whistle on the cartel and so was not fined alongside Bank of America, Credit Agricole and Credit Suisse despite having traders active in the scheme.
Credit Suisse to resize prime services business following ‘unacceptable’ $5.5 billion loss
An extensive review of the prime brokerage business at Credit Suisse will focus on derisking and resizing its hedge fund servicing unit.
Credit Suisse and Instinet use blockchain to settle US equities trades on same day with Paxos
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.