Credit Suisse Takes $4.7B Hit on Archegos Meltdown

Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by dcolkitt on Tuesday April 06, 2021 @12:53PM (#26714248)

We just went through the deepest, fastest recession since the 19th century. And not a single major financial institution failed or even needed a bailout.

That's pretty firm evidence that banks are more than adequately capitalized. People want to see everything through the lens of 2008, but the difference between banks then and now is night and day.

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Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by clairity on Tuesday April 06, 2021 @12:59PM (#26714353)

the circumstances are drastically different, so adequate capitalization is unlikely the reason for that. this was a induced recession from outside forces, not from internally correlated ones like 2008.

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