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Credit Suisse investigation into Archegos scandal reveals multiple failings but no ‘fraudulent or illegal conduct’ – CNBC

In the wake of the sandal, the head of its investment bank, Brian Chin, and chief risk and compliance officer, Lara Warner, stepped…

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LONDON An investigation into Credit Suisse’s dealings with the collapsed U.S. hedge fund Archegos Capital revealed Thursday that the Swiss bank had failed “to effectively manage risk.”
The Archegos saga dominated the business headlines in March, with Credit…

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