Wealth and Asset Management
Credit Suisse shutters prime broking after $5.5bn Archegos hit in pivot towards wealth management
Credit Suisse is quitting prime services and cutting the capital allocated to its investment bank by $3bn under a strategy shift unveiled by chairman António Horta-Osório after a series of scandals at the bank. The Swiss bank said that it was largely exiting prime broking, the service line offered to…
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