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Why Visa Paid $5.3 Billion for Fintech Firm Plaid
Credit card giant Visa on Monday announced that it is acquiring venture-funded fintech company Plaid for $5.3 billion. Visa bided its time before entering the fintech fray, but this deal was worth........»»
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.....»»
$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.....»»
Lloyds Banking price target raised to 54 GBp from 50 GBp at Credit Suisse
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.....»»
: Credit Suisse taps shareholders for cash as regulator investigates Archegos losses
Swiss bank Credit Suisse said on Thursday it would sell convertible notes to its current shareholders in a bid to raise nearly $2 billion of fresh capital......»»
: 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?.....»»
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 .....»»
Credit Suisse"s exposure to Archegos Investments grew to more than $20 billion
Credit Suisse Gro.....»»
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.....»»
Credit Suisse Slashes Bonuses After $4.7 Billion Archegos Disaster
Credit Suisse Slashes Bonuses After $4.7 Billion Archegos Disaster W.....»»
The Archegos meltdown will result in a $10 billion loss for global banks, JPMorgan says
Credit Suisse an.....»»
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.....»»
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 .....»»
"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.....»»
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.....»»
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.....»»
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......»»
: These banking giants are headed to major losses after Archegos debacle
Investment banks Credit Suisse and Nomura said they would incur significant losses after the U.S.-based hedge fund was forced into a fire sale of assets and defaulted on its margin calls......»»
Credit Suisse loses $5 billion in market value after warning of a big hit from Archegos blowing up
The Swiss bank sai.....»»