Hedge Funds

Credit Suisse Plans Hedge Fund Unit Overhaul After Archegos Hit

by finance.yahoo.com posted 5months ago 45 views
(Bloomberg) -- Credit Suisse Group AG is planning a sweeping overhaul of the hedge fund business at the center of the Archegos Capital blow up, as the drama forces Wall Street banks to reconsider how they finance some of their most lucrative clients.The Swiss bank is weighing significant cuts to its prime brokerage arm in coming months, people familiar with the plan said.

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