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Credit Suisse had more than $20B exposure to Archegos investments: WSJ

Credit Suisse had more than $20B exposure to Archegos investments: WSJ

According to the WSJ, Credit Suisse had more than $20B of exposure to investments related to Archegos Capital. The WSJ highlighted that parts of the bank had not fully implemented systems to keep pace with Archegos’ fast growth when Archegos bets on a collection of stocks swelled leading up to its March collapse. Credit Suisse is to book a $4.7B first-quarter charge from exposure to Archegos.

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