Mindblown: a blog about philosophy.
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Credit Suisse suffers $4.7 billion hit as Archegos collapses
Swiss banking giant Credit Suisse announced the departure of its risk and investment banking chiefs after it suffered a $4.7 billion hit following the collapse of Archegos Capital Management. Archegos, a family-run U.S. investment firm, collapsed last month after suffering devastating losses. According to the Financial Times, Archegos lost a staggering $110 Billion in a…
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