Credit Suisse Takes $4.7 Billion Archegos Hit; Warner, Chin to Leave

Credit Suisse Takes $4.7 Billion Archegos Hit; Warner, Chin to Leave

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses significant changes at Credit Suisse, including executive departures and capital strategy adjustments. The bank is focusing on risk management, particularly in light of investigations into Archegos and Greensill. Financially, Credit Suisse faces substantial losses, with operational costs expected to rise. Legal costs and investor compensation related to supply chain finance funds are also anticipated, indicating ongoing financial challenges.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

How might the investigations into risk management affect the bank's operational costs?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential costs are associated with compensating investors over supply chain finance funds?

Evaluate responses using AI:

OFF