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
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?