Credit Suisse’s $5.5 billion Archegos hit enters big league of bank losses
3 min read . Updated: 25 Apr 2021, 06:30 PM IST
Premium- ‘The fallout at Credit Suisse is going to continue for some time,’ says Nick Leeson, whose trades led to the 1995 downfall of Barings Bank
Credit Suisse Group AG’s $5.5 billion loss from Archegos Capital Management puts it into the big league of banking mishaps with the likes of Nick Leeson, Jérôme Kerviel and the “London whale."
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