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Credit Suisse Can Weather Archegos Fallout, Says Imf Mission Chief

by posted 5months ago 55 views
Credit Suisse should be able to weather a $4.7 billion loss from the Archegos hedge fund and the collapse of $10 billion worth of Greensill funds, with no meaningful risk to the Swiss financial sector's health from the episodes, the IMF's country mission head said. Shares in Credit Suisse have dropped by 25% in the space of a month, with Switzerland's second biggest bank reeling from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management.