Credit Suisse raises $1.9bn to stem Archegos losses
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Credit Suisse raises $1.9bn to stem Archegos losses

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Credit Suisse has placed Sfr1.7bn ($1.9bn) of mandatory convertible bonds to repair its balance sheet, following steep trading losses caused by the bankruptcies of Archegos Capital and Greensill Capital. But some predict the bank may need to return for more equity down the line.

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