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April 7, 2021 Update: Since this post went up last week, Credit Suisse revealed their losses were worse than the up $4 billion anticipated. The firm is writing down $4.7 billion due to its Archegos exposure, cutting its dividend, suspending share buybacks, and removing senior executives, including investment bank
It's not David vs Goliath. It's Goliath vs. Goliath, with David as a fig leaf This is a free post from Markets Weekly, a newsletter by former Wall Street professional Alexis Goldstein. If you appreciated this post, please consider signing up here [https://marketsweekly.ghost.io/
Insights into the dumpster fire that has become our financial markets, by Alexis Goldstein
April 7, 2021 Update: Since this post went up last week, Credit Suisse revealed their losses were worse than the up $4 billion anticipated. The firm is writing down $4.7 billion due to its Archegos exposure, cutting its dividend, suspending share buybacks, and removing senior executives, including investment bank
