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Credit Suisse confirms multibillion-dollar loss

Credit Suisse has announced the departure of several senior staff members while confirming a $6.13 billion loss, reportedly linked to the collapse of family office Archegos Capital.

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Read more: Credit SuisseArchegos CapitalJoachim OechslinBrian ChinLara WarnerBill HwangChristian MeissnerDeutsche BankGreensill CapitalMitsubishi UFJ Financial GroupNomura HoldingsThomas Grotzer