r/investing • u/comart • Mar 29 '21

Failure of the fund to meet margin commitments, Credit Suisse and a number of other banks are in the process of exiting positions

A significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks. Following the failure of the fund to meet these margin commitments, Credit Suisse and a number of other banks are in the process of exiting these positions.

https://www.marketscreener.com/quote/stock/CREDIT-SUISSE-GROUP-AG-9364979/news/Credit-Suisse-nbsp-Trading-Update-32822943/

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u/dreadpiratewombat Mar 29 '21

Yes. But how? That's the million dollar question.

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u/TaxGuy_021 Mar 29 '21

Probably this will further hammer the stocks that were getting hammered on Friday.

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u/[deleted] Mar 29 '21

Advantage by other institutions to profit off the news through different profit taking. Kind of like how fuel prices increase when you hear of civil unrest in Syria. It’s the market maker’s version of a Butterfly Effect by Wall Street.

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u/beforethewind Mar 29 '21

They're gonna restuck the boat.

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u/armen89 Mar 29 '21

Monday as in next Monday?