Credit Suisse posts ‘unacceptable’ loss after Archegos collapse; markets await ECB decision – business live

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Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The collapse of US hedge fund Archegos has dragged Credit Suisse into the red, as the Swiss bank outlines plans to raise more capital.... and Switzerland’s financial regulator, Finma, launches an investigation over the matter. Credit Suisse has reported a pre-tax loss of 757m Swiss francs for the first quarter of this year this morning, after suffering a 4.

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