FILE PHOTO: The logo of the Swiss bank Credit Suisse can be seen on March 24, 2021 at the headquarters in Zurich. REUTERS / Arnd Wiegmann
May 27, 2021
ZURICH (Reuters) – On Thursday, Credit Suisse detailed the additional capital buffer of the Swiss market observer FINMA in relation to the Swiss bank’s exposure to the collapsed US investment fund Archegos.
“FINMA has temporarily added CHF 5.8 billion (USD 6.1 billion) to the Group’s RWA credit risk in connection with its exposure to the US hedge fund matter involved in risk movements was included, introduced levels, “reads a marketing authorization application for the first quarter.
(Reporting by Michael Shields, Editing by John Miller)
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