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What happened with Credit Suisse and Archegos?
Credit Suisse suffered humiliation and shareholder wrath this year when it lost $5.5 billion from the collapse of the Archegos Capital Management investment fund.
Who is leaving Credit Suisse?
The bank ousted reform-minded chairman Antonio Horta-Osorio after he broke covid rules and in recent quarters announced a string of surprise charges, including 703 million francs of legal expenses in the first quarter.
Where is Tidjane Thiam now?
He is currently the executive chairman of global investment company Freedom Acquisition. African Business: What are you doing at the moment? Tidjane Thiam: I am now entering the second half of a career that began in 1986.
Why are Archegos defaulted?
Archegos failed to meet the margin calls, prompting a massive $20 billion fire stock sale as the banks, or at least some of them, rushed to sell off the fund’s positions to make cash so that Archegos could pay what was owed.
Which stocks did Archegos own?
Soros Fund Management snatched up Archegos-tied shares of ViacomCBS (ticker: VIAC), Baidu (BIDU), Vipshop Holdings Limited (VIPS), and Tencent Music Entertainment Group (TME) in the first quarter, according to regulatory filings released Friday.
Where is Credit Suisse based in Australia?
Founded in 1856 with headquarters in Zurich, Switzerland, Credit Suisse has operations in over 50 countries. Stay on top of your game with the Credit Suisse PB APAC app, now available for our Australia booked clients.
Is there a Credit Suisse PB APAC app?
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What is the Credit Suisse personal and Credit Information Policy?
This policy is intended to help you understand how Credit Suisse manages the personal and credit information about you that we collect, hold, use and disclose, how you can seek access to and correction of that information and, if necessary, how you can make a complaint relating to our handling of that information.
What happens if Credit Suisse fails to deal with my complaint?
If we fail to deal with your complaint to your satisfaction you may refer the complaint to the Australian Financial Complaints Authority (“AFCA”) which is Credit Suisse AG’s External Dispute Resolution scheme. You can contact AFCA at: