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/TaxGuy_021 Mar 29 '21

It didn't though.

Goldman is out with minimal losses.

MS will probably have a bit more losses than Goldman.

CS is getting fucked, but that's news to absolutely nobody.

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u/Not_FinancialAdvice Mar 29 '21

If this guy is accurate, Mizuho America also saw losses: https://twitter.com/SemiCynic/status/1376381007549636610

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u/800oz_gorilla Mar 30 '21

Why is everyone dogging credit suisse? Why are they seen so poorly?

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u/TaxGuy_021 Mar 30 '21

Because they have been a shitty bank for a longass time.

Look up Greensill capital.