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Credit Suisse fined $575m by regulators

US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management.

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Read more: Credit SuissePRAFINMAUBSArchegos Capital ManagementBilly HwangBrian ChinChristian MeissnerGreensill CapitalLara WarnerPrudential Regulation AuthoritySwiss Financial Market Supervisory AuthorityUS Federal Reserve