Hedge Funds

Credit Suisse Takes $4.7 Bn Hit Due To Hedge Fund Default

by daijiworld.com posted 5months ago 70 views
New Delhi, Apr 6 (IANS): Credit Suisse has taken a hit of around $4.7 billion because of the default by a major US-based hedge fund on margin calls. "While our financial results are still subject to detailed finalisation and review, we would expect to report a pre-tax loss for 1Q 2021 of approximately (Swiss Franc) CHF 900 million. This includes a charge of CHF 4.4 bill....

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