Apr 22, 2021 12:04 PM IST
Switzerland's second-biggest bank after UBS posted a slightly smaller-than-flagged 757 million Swiss franc ($825.97 million) first-quarter pre-tax loss, as the Archegos hit wiped out gains from a bumper trading quarter.
- Apr 08, 2021 08:01 AM IST
There would be concerns on the rising yields in the bond market, with ample liquidity and growth rebound equity as an asset class would outperform for the next fiscal i.e 2022, says Pai.
- Apr 07, 2021 01:23 PM IST
The fire sale by Archegos Capital hurt banks such as Goldman Sachs, Credit Suisse and Deutsche Bank, who had exposure to the company.
- Apr 06, 2021 08:54 AM IST
The two executives are paying the price for a year in which Credit Suisse’s risk management protocols have come under harsh scrutiny, with two major relationships turning sour in quick succession, saddling the bank with what JPMorgan Chase & Co analysts estimate could add up to $7.5 billion.
- Mar 30, 2021 03:37 PM IST
Hwang has an economics degree from UCLA and an MBA from Carnegie Mellon
- Mar 30, 2021 02:32 PM IST
A primer on what went wrong at Archegos and the important learnings it offers, also in the Indian context.
- Mar 30, 2021 09:32 AM IST
Archegos was unable to meet banks' calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed.