Heads Roll at Credit Suisse After Archegos Capital Blow Up

Posted on 04/06/2021

Credit Suisse Group AG dumped via block trades roughly US$ 2.3 billion worth of stocks tied to the Archegos Capital Management blowup. The shares were linked to ViacomCBS Inc., Vipshop Holdings Ltd., and Farfetch Ltd. These stocks traded substantially below where they were in March 2021 before Bill Hwang’s family office defaulted on margin calls. […]

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