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. Chief Executive Officer Thomas Gottstein, who until recently had brushed off concerns that Credit Suisse was taking excessive risks, struck a humble tone Thursday, vowing to slash lending in the hedge fund unit at the center of the losses by ...
April 22, 2021, 12:31 PM
Credit Suisse Races to Contain Archegos Hit With Capital Raising

Patrick Winters
Bloomberg News

Marion Halftermeyer
Bloomberg News