Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings By Reuters
By John O'Donnell FRANKFURT (Reuters) - Weeks before Archegos collapsed, Credit Suisse (SIX:CSGN) received what would turn out to be one of its final warnings from a junior analyst about the hedge fund's impending disaster. Just as with earlier red flags, stretching back years, it was ignored. "Try and act soon," the risk analyst told a colleague in the department dealing with investment fund Archegos, warning that the fund was vulnerable to liquidation, exposing Credit Suisse. "If there is an issue, all brokers would be looking to exit simultaneously," he cautioned, a prediction that...
Continue reading