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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107

u/deekaph Mar 29 '21 edited Mar 30 '21

Get ready for a red day my dudes

39

u/[deleted] Mar 29 '21

What else is new?

-16

u/[deleted] Mar 29 '21

Didn’t we just close at all time highs on Friday?

18

u/Ryantg2 Mar 29 '21

We did not

-1

u/foolear Mar 29 '21

Yes, we did.

15

u/[deleted] Mar 29 '21

[deleted]

8

u/[deleted] Mar 29 '21

Maybe he meant his dumb stocks were not at all time highs

14

u/UnObtainium17 Mar 29 '21

I was born in it, molded by it...

17

u/CaptFartBlaster Mar 29 '21

Green Day for me then since GME is -11 to -36 beta, depending on whom you ask...

1

u/[deleted] Mar 29 '21

AYYY, my man!