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Credit Suisse forced to seek £1.3bn lifeline after taking a double whammy from Greensill collapse and implosion of hedge fund Archegos

Credit Suisse forced to seek £1.3bn lifeline after taking a double whammy from Greensill collapse and implosion of hedge fund Archegos

Credit Suisse has been forced to go cap in hand to its shareholders for £1.3billion of emergency funding after suffering a double blow from the implosion of hedge fund Archegos and the collapse of Greensill Capital. On a bleak day for the Swiss banking giant, it confessed to racking up losses of...

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Andreas Venditti Archegos Credit Suisse Swiss Thomas Gottstein

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