Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown
by lordnacho on Tuesday April 06, 2021 @01:49PM
(#26715046)
I think it's more an awe for the scale of capital destruction.
In the end this isn't a domino that topples the whole financial system, risk was taken by a guy who had money, and banks who are capitalized to lose money now and again.
In the end this isn't a domino that topples the whole financial system, risk was taken by a guy who had money, and banks who are capitalized to lose money now and again.