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Description: Credit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga.

Source: CNBC.com – video report

Date: Apr 06, 2021

Link: https://www.cnbc.com/2021/04/06/credit-suisse-cuts-dividend-on-hit-from-hedge-fund-scandal-investment-bank-head-and-chief-risk-officer-step-down.html

Questions for discussion:

  • Explain the fallout from this fiasco.
  • Do you think management did enough to prevent this from happening?
  • What would you advise the bank and other organizations facing similar risks?

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