is facing an exodus of senior investment bankers in the wake of a $5.5 billion loss tied to the meltdown of Archegos Capital Management.
At least 10 managing directors in the Swiss firm’s U.S. investment-banking division have internally disclosed plans to leave, most for rival firms, according to people familiar with the matter. Other bankers are considering their options, and more are expected to depart in the coming weeks. Investments held by Archegos, a family investment vehicle for Bill Hwang, plummeted in late March, forcing Credit Suisse and other banks to sell large stock positions at losses. Credit Suisse lent more to Archegos relative to its size than others and was one of the last to exit the positions,
翻译练习: 瑞信面临 高级银行家们他们的55亿美元丢失。
Greed won out over business controls at Credit Suisse, Morgan Stanley and several others financial institutions Heads should roll
you mean fired..