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Friday, July 30, 2021
Credit Suisse helped Archegos take 'potentially catastrophic' risks before losing billions when it collapsed
Credit Suisse investment bankers allowed Archegos Capital to take "voracious" and "potentially catastrophic" risks that culminated in the US hedge fund's spectacular collapse in March, costing the bank $5.5 billion and causing chaos on Wall Street, according to an investigation published Thursday.
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