this post was submitted on 24 Jul 2023

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UBS agrees to pay $388 million over Credit Suisse's Archegos failings (www.reuters.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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[–] DecentralizeTheWorld@lemmy.whynotdrs.org 1 points 1 year ago

And they are still expecting more. They have set aside 4 billion for lawsuits against Credit Suisse. When are they going to close the toxic short positions from Archegos?