Credit Suisse's market value already fell further this week over fears of contagion from the collapse of two US banks and its annual report citing"material weaknesses" in internal controls.
Separately, SVB Financial Group said on Tuesday that Goldman Sachs was the acquirer of a bond portfolio on which it booked a US$1.8 billion loss, a transaction that set in motion the failure of SVB. The firm had seen an influx of US$4 billion in assets to its parent company on Friday as clients moved assets to Schwab from other firms, Bettinger told Reuters.
Did SG invest in the suisse?
Knock... knock.
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