Credit Suisse Just Put $2B Of Archegos-linked Stocks On The Market After The Hedge Fund's Meltdown, Reports Say | Markets Insider
Credit Suisse put up large blocks of Archegos-related stocks on the market after regular trading on Tuesday, Reuters reported, citing multiple sources. The stock offerings, including Discovery and iQIYI, amounted to roughly $2 billion, according to Bloomberg. The Swiss bank isn't yet done unloading stocks linked to Archegos, even though it's already taken a $4.7 billion charge from the hedge fund's collapse last month. Several top executives, including the chief risk officer and investment bank head, are departing following the fund's failure to meet margin requirements.
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