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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 SIMON CLARK, The Wall Street Journal

‘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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Credit Suisse’s $5.5 billion Archegos hit enters big league of bank losses

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