Credit Suisse Is Still Unloading Shares Of Discovery From Archegos

by cnbc.com posted 5months ago 16 views
Sources told CNBC's David Faber that the bank is looking to sell more blocks of the media company. : Credit Suisse is still unraveling its positions from the blow up of Archegos Capital Management, traders told CNBC's David Faber, putting more pressure on a beaten-down media stock. The investment bank was shopping blocks of different classes of Discovery stock on Tuesday, Faber reported. Discovery was one of the stocks that fell sharply in late March when the family office run by hedge fund veteran Bill Hwang failed to meet its margin call.

In this article

No tags related to this article.