Credit Suisse moves to boosts capital ahead of a further Archegos hit

Credit Suisse will raise over $2 billion to strengthen its capital base after flagging a further hit from the collapse of U.S. investment fund Archegos and as Swiss regulators took action against the bank over the multi-billion dollar debacle. The demise of Archegos and another major client, British finance firm Greensill, triggered losses, sackings and bonus cuts at Credit Suisse at a time when rivals are revelling in bumper profit from trading and dealmaking.
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