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Read more More More. Credit Suisse, Nomura, Deutsche Bank, Morgan Stanley and Goldman Sachs have been caught in the crossfire, although some managed to exit their positions sooner than others. For Credit Suisse , for instance, its involvement in Archegos meant it took a hit of 4. Credit Suisse also said last week that it expects to take an additional loss in the second quarter of around million Swiss francs. Morgan Stanley was among the named banks that quickly sold their exposure to Archegos.
We have started a very detailed review of the different prime brokers' relationships that we have, the family offices' relationship that we have as well, the risk management processes that we have, in order to really get the lessons learned and make sure we implement them so that going forward it doesn't happen again," he said.
In early trading on Friday, Credit Suisse shares were up 2. Credit Suisse also got a boost after the Federal Reserve stress tests found capital levels at its U.
For such a flagship, the Swiss may prefer a home-grown solution to the prospect of a takeover by a foreign bank. A cross-border merger would be complicated because it would be unclear whether Switzerland or another host country would have control. DE in but they fell apart in the face of Swiss opposition, said another person familiar with the matter.
The two banks declined comment on this. But many people who spoke to Reuters for this story, however, believed a deal between Deutsche Bank and Credit Suisse was unlikely. Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Credit Suisse rocked by Archegos, Greensill scandals Leadership eyes overhaul, may shrink investment bank - sources Shake-up could lead to UBS merger - sources.
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