Swiss Financial Regulator Says Concludes Proceedings Against CS In Relation To Archegos Capital Management; Says CS Had Seriously And Systematically Violated Financial Market Law In The Context Of Its Business Relationship With The Archegos Family Office
Portfolio Pulse from Happy Mohamed
Swiss Financial Regulator has concluded proceedings against Credit Suisse (CS) in relation to Archegos Capital Management. The regulator stated that CS had seriously and systematically violated financial market law in its business relationship with the Archegos Family Office.
July 24, 2023 | 3:53 pm
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Credit Suisse has been found to have seriously and systematically violated financial market law in its dealings with Archegos Capital Management by the Swiss Financial Regulator.
The conclusion of the proceedings by the Swiss Financial Regulator against Credit Suisse could potentially lead to penalties or sanctions against the bank. This could negatively impact the bank's reputation and financial performance, leading to a potential decrease in its stock price in the short term.
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