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The stocks were reportedly tied to the total return swaps held by Archegos. This sale was reported to be the cause of a 27% plunge in share price of ViacomCBS and a similar fall in the price of Discovery, Inc. [7] [9] On March 29, the share price of Credit Suisse was down by 14%, while Nomura Holdings shares declined by 16%. [6]
In April 2021, The Wall Street Journal reported that Hwang had lost US$20 billion over 10 days in late March, imposing large losses on his bankers Nomura and Credit Suisse. [5] On April 27, 2022, he was indicted on federal charges of fraud and racketeering. [2] The default of Archegos contributed to the eventual collapse of Credit Suisse. [6]
Tidjane Thiam (French: [tidÊ’an tiam]; [1] [2] born 29 July 1962) is an Ivorian and French businessman, and the executive chairman of Freedom Acquisition Corp. [3] He was the chief executive officer (CEO) of Swiss bank Credit Suisse from March 2015 to February 2020.
As the Swiss National Bank's new chairman Martin Schlegel takes office this week, the jury is out on the central bank's handling of the Credit Suisse crash and its takeover by UBS. Schlegel ...
Credit Suisse will get a ton of attention by UBS' new CEO. Credit Suisse will get a ton of attention by UBS' new CEO. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
Brady William Dougan (born August 30, 1959) is an American banker and CEO of Exos. From 2007 to 2015, he was the chief executive officer of Credit Suisse.Before this, Dougan was CEO of Investment Banking and acting CEO of Credit Suisse Americas. [1]
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Markus U. Diethelm (born 22 October 1957) is currently the Group General Counsel of Credit Suisse AG and member of the Executive Board, holding this position since 2022. . Prior to that, he held the same position at UBS AG since September 2008, when Diethelm was initially appointed as a member of the group executive board of UB