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Citi has hired an ex-Credit Suisse electronic trading exec to boost its share in a $42 billion market (C)

REUTERS/Brendan McDermid Citigroup has filled a key vacancy on its stock-trading team, hiring a new US head of electronic cash trading. Dmitry Bulkin joins Citi after nearly 15 years at Credit Suisse, .....»»

Category: topSource: businessinsiderJun 3rd, 2018

Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses

Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses The other day, we learned that Credit Suisse, which was left on the hook for $5 billion after dumping blocks of s.....»»

Category: worldSource: nytMay 5th, 2021

$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse

$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse A bank's prime brokerage unit is supposed to be a safe, reliable and predictable generat.....»»

Category: blogSource: zerohedgeMay 4th, 2021

: Credit Suisse executives were grilled on Archegos losses. Here’s what they said.

So how exactly do you explain what's now estimated to be 5 billion francs ($5.5 billion) in charges from letting a client build up a massively leveraged position that ultimately couldn't be repaid?.....»»

Category: topSource: marketwatchApr 22nd, 2021

Credit Suisse Surprises With $2 Billion Capital Raise, Still Has Exposure To Archegos In "Three Distinct Positions"

Credit Suisse Surprises With $2 Billion Capital Raise, Still Has Exposure To Archegos In "Three Distinct .....»»

Category: worldSource: nytApr 22nd, 2021

Credit Suisse"s exposure to Archegos Investments grew to more than $20 billion

Credit Suisse Gro.....»»

Category: topSource: foxnewsApr 21st, 2021

Credit Suisse just put $2 billion of Archegos-linked stocks on the market after the hedge fund"s meltdown, reports say

The lender isn't yet done unloading stocks linked to Archegos, even though it's already taken a $4.7 billion charge from the he.....»»

Category: worldSource: nytApr 14th, 2021

Credit Suisse US banks managing director holds analyst/industry conference call

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 13th, 2021

Credit Suisse Slashes Bonuses After $4.7 Billion Archegos Disaster

Credit Suisse Slashes Bonuses After $4.7 Billion Archegos Disaster W.....»»

Category: blogSource: zerohedgeApr 13th, 2021

The Archegos meltdown will result in a $10 billion loss for global banks, JPMorgan says

Credit Suisse an.....»»

Category: topSource: businessinsiderApr 12th, 2021

Credit Suisse reins in hedge-fund limits following $4.7 billion loss tied to Archegos Capital, report says

Credit Suisse is tightening its financing terms given to hedge funds and family offices and changing its margin requiremen.....»»

Category: dealsSource: nytApr 9th, 2021

Credit Suisse reins in hedge fund limits following $4.7 billion loss tied to Archegos Capital, report says

Credit Suisse is tightening its financing terms given to hedge funds and family offices, and changing its margin requirements to dynamic from fixed. Arnd .....»»

Category: dealsSource: nytApr 9th, 2021

"Convexity Is Always Lurking" - Here"s How Credit Suisse Managed To Lose $4.7 Billion In The Archegos Debacle

"Convexity Is Always Lurking" - Here's How Credit Suisse Managed To Lose $4.7 Billion In The Archegos D.....»»

Category: personnelSource: nytApr 6th, 2021

Stocks tied to Archegos are roiling markets again as $2 billion of block trades drives new bout of volatility

The volatility kicked off after Credit Suisse initiated a block trade worth $2.3 billion in an attempt to curtail further losses. FILE PHOTO: Logo of Swiss bank Cr.....»»

Category: worldSource: nytApr 6th, 2021

Credit Suisse warns of a $4.6 billion charge after Archegos blow-up - and says several top executives are leaving

The European lender expects an overall l.....»»

Category: dealsSource: nytApr 6th, 2021

Credit Suisse: 1Q to include CHF4.4 billion charge over U.S. hedge fund issue

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchApr 6th, 2021

Credit Suisse Fires Risk Chief, Others As Archegos Losses Climb To $5 Billion

Credit.....»»

Category: blogSource: zerohedgeApr 5th, 2021

UPDATE: Goodyear announces offering of $1 billion of high-yield bonds, amends credit agreement

The Goodyear Tire & Rubber Co. said Wednesday it has commenced a $1 billion offering of high-yield 10-year and 12-year bonds. Proceeds will be used along with cash on hand to redeem in full all outstanding $1 billion 5.125% senior notes due 2023. .....»»

Category: topSource: marketwatchMar 31st, 2021

Credit Suisse shares crawl higher after Monday drop; one analyst cuts EPS view by 47%

Credit Suisse shares edged higher Tuesday, after slumping 14% on Monday when it warned of a significant loss from a margin call of a U.....»»

Category: topSource: marketwatchMar 30th, 2021

Credit Suisse loses $5 billion in market value after warning of a big hit from Archegos blowing up

The Swiss bank sai.....»»

Category: topSource: businessinsiderMar 29th, 2021