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Culture & Conduct, Opinion, Regulation & Supervision

Credit Suisse ‘headline’ fine glosses over underlying equity financing risk

By Nicholas Dunbar
August 7, 2023
Image: Bloomberg

At first glance, the $387m of fines imposed on Credit Suisse ought to draw a line under the Archegos scandal for regulators. But providing equity financing to hedge fund and family office clients remains a lucrative business for large banks.

Do regulators have a grip on these risks, and ...

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Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Credit Suisse saw client inflows on Monday, as markets were thrown into turmoil after the collapse of multiple regional US banks, Koerner said. Photographer: Hollie Adams/Bloomberg
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