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Title: $17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse
Source:
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URL Source: https://www.zerohedge.com/markets/1 ... evered-time-bomb-credit-suisse
Published: May 4, 2021
Author: Tyler Durden
Post Date: 2021-05-04 13:33:51 by Horse
Keywords: None
Views: 24
Credit Suisse demanded a margin of only 10% for the equity swaps it traded with Archegos and allowed the family office 10-times leverage on some transactions.
Poster Comment:
Those are some huge losses. A sharp stock market decline due to rising interest rates could be a major disaster for banks. They can legally take your deposits because American and European laws were changed to make you liable for their losses.
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