Hedge Funds

Credit Suisse Races To Contain Archegos Hit With Capital Raising

by finance.yahoo.com posted 5months ago 39 views
(Bloomberg) -- Credit Suisse Group AG moved to contain the fallout from two of the worst hits in its recent history with a surprise capital increase and a sweeping overhaul of its business with hedge funds.Switzerland’s second-largest bank is raising $2 billion from investors to shore up capital depleted by $5.5 billion in losses from the collapse of Archegos Capital Management.