Credit Suisse rallies despite bigger hit on Archegos

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Credit Suisse rallies despite bigger hit on Archegos

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HR5BTB The logo of the Credit Suisse bank is written on the window of the bank in Bel-air Square in Geneva, Switzerland. | Alamy Stock Photo

Investors were relieved when Credit Suisse finally gave details this week about the damage it has suffered from its Archegos exposures. The losses were higher than expected, but they were not large enough to burn completely through the Swiss bank’s capital cushion.

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