faces hundreds of millions of dollars in penalties over Credit Suisse's mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday.
Britain's Prudential Regulation Authority could impose a fine of up to 100 million pounds , while the U.S. Federal Reserve could impose a penalty of up to $300 million, the newspaper reported, adding that Credit Suisse had set aside just $35 million for potential fines. It set aside $4 billion for potential lawsuits on the Credit Suisse deal in May, according to a presentation.
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