# credit suisse stock

Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems » The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review. Nytimes.com

Archegos Liquidation Hit Nomura, Credit Suisse » The global investment banks said they could incur substantial losses from dealings with a U.S. client, days after a multibillion-dollar fire sale of stocks from a large investment fund. Wsj.com

Archegos Blowout Heaps Pressure on Credit Suisse » Shareholders in the Swiss bank run by CEO Thomas Gottstein are bracing for a multibillion-dollar hit from a fire sale of positions held by hedge fund Archegos. Wsj.com

After scandals and fines, Credit Suisse replaces CEO » Last year, the Swiss bank agreed to pay U.S. authorities $2.6 billion in penalties for helping clients dodge taxes Cbsnews.com

Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’ » The annual letter from the JPMorgan CEO addressed the state of the banking system after the collapse of SVB. Cnbc.com

Credit Suisse will borrow up to nearly $54 billion from Swiss central bank in bid to calm fears » Shares of the financial giant had sunk to an all-time low, fueling further concerns about the stability of other big banks. Cbsnews.com