Credit Suisse Group (fka CS)

[Saving Grace]

LMAO Exposure before forced to liquidate! Now dead-and-gone.

Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter.

https://www.marketwatch.com/story/credit-suisse-had-surprise-20-billion-exposure-to-archegos-investments-11619047468?mod=hp_minor_pos20