“Credit Suisse Group AG reported a $4.7 billion hit from the meltdown of Archegos Capital Management, slashed its dividend and said its investment banking and risk chiefs would leave the bank. Chief Executive Thomas Gottstein will stay in his job, but Chief Risk Officer Lara Warner is leaving the bank Tuesday and head of investment banking Brian Chin will depart at the end of April.”Wall Street Journal
April 6, 2021
“It boils down to … not having cross organizational intelligence … around reputational risk, Mr. Kossovsky said.”
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