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2021-04-22

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Credit Suisse reports $275 million first-quarter loss after Archegos hedge fund scandal

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The executive board decided to waive bonuses for the 2020 year, and also cut the proposed dividend.\nRegulators in the U.S. and Switzerland have asked Credit Suisse for more information on the collapse of Archegos, according to the Wall Street Journal.\nIn March, Credit Suisse also adjusted its asset management business and suspended bonuses after the collapse ofGreensill Capital, a British supply chain finance firm.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":22,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/376010212"}