Loss of nearly $5bn from Archegos hedge fund will not hobble Credit Suisse, IMF says
Credit Suisse entered the Covid-19 crisis with strong capital and in a strong position, and has sufficient resources to manage its problems
07 April 2021 - 18:06
Zurich — Credit Suisse should be able to weather a $4.7bn loss from the Archegos hedge fund and the collapse of $10bn worth of Greensill funds, with no meaningful risk to the Swiss financial sector’s health from the episodes, the IMF's country mission head said.
Shares in Credit Suisse have dropped by 25% in the space of a month, with Switzerland’s second biggest bank reeling from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management...
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