1. Credit Suisse Overhauls Executive Board as it Estimates Archegos Fallout at $4.7 Billion

    Credit Suisse Overhauls Executive Board as it Estimates Archegos Fallout at $4.7 Billion

    ZURICH (Reuters) - Credit Suisse on Tuesday said it was replacing senior managers and reducing proposals for its 2020 dividend and executive compensation as it grapples with the estimated 4.4 billion Swiss franc ($4.69 billion) fallout from its relationship with Archegos Capital Management LP. Chief Risk Officer Lara Warner and investment banking head Brian Chin will both leave the bank in April, Switzerland’s second largest lender said...

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