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Credit Suisse Is Offering Blocks Of Archegos-linked Stocks

by finance.yahoo.com posted 5months ago 24 views
(Bloomberg) -- Credit Suisse Group AG unloaded about $2 billion of stocks tied to the Archegos Capital Management blowup, according to people familiar with the matter. The stock offerings -- which included Discovery Inc. and Iqiyi Inc. -- follow a torrent of similar transactions that had already erased about $194 billion in market value as banks from New York to Zurich and Tokyo unwound leveraged equity bets by Bill Hwang’s fund.

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