Credit Suisse Report Details Failures in Archegos Debacle

[ad_1] Young employees took the place of experienced managers. The report said the team responsible for overseeing Archegos and other customers “struggled to do more with less resources and less experience.” Archegos’ collapse came as a shock to outsiders, but the risk of doing business with the fund has been obvious for years, according to …

Credit Suisse Report Details Failures in Archegos Debacle

[ad_1] Credit Suisse It released a report Thursday that examines in painful detail the “fundamental failure of management and controls” that caused the bank to lose $5.5 billion from its business with mutual fund Archegos Capital Management earlier this year. But investigators from the New York law firm hired to conduct the autopsy attributed the …

Credit Suisse Report Details Failures in Archegos Debacle

[ad_1] Credit Suisse It released a report Thursday that examines in painful detail the “fundamental failure of management and controls” that caused the bank to lose $5.5 billion from its business with mutual fund Archegos Capital Management earlier this year. But investigators from the New York law firm hired to conduct the autopsy attributed the …