Credit Suisse Report Details Failures in Archegos Debacle

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 the …

Credit Suisse Report Details Failures in Archegos Debacle

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 losses …

Credit Suisse Report Details Failures in Archegos Debacle

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 losses …

Jeff Bezos’ Space Flight: Crew, Stream Details & Launch Site

Another week, another billionaire, a rocket company, goes into space. Last week, Richard Branson gains astronaut wings He ascends 50 miles above New Mexico in a space plane from the Virgin Galactic company he founded 14 years ago. On Tuesday, Jeff Bezos, the richest person in the universe, will be attached to a capsule built …

Study Details How to Get Rid of the Delta Variant Immune System

Delta variant coronavirus It can evade antibodies that target certain parts of the virus, according to a new study published Thursday in Nature. The findings offer an explanation for the decreased efficacy of the vaccines against Delta when compared with other variants. The variant, first identified in India, is believed to be around 60 percent …