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Trung Phan

Credit Suisse in the last few years: 

• Lost $5.5B on Archegos blowup (after making a paltry $17.5m in fees)
• Lost $1.7B on sketchy Greensill Capital supply chain funds 
• Lost >$100m on Citrix debt deal

Credit Suisse Chair on why bank failed: 

• “It’s Twitter fault” lol https://t.co/DRIAgaz7DR

More from FT’s Big Read: https://t.co/oJZknm83zc https://t.co/46tMZlZfDy

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from Trung Phan | by Trung Phan