Credit Suisse... wow
Bad timing that CS had to screw up so royally with Archegos and Greensill during Q1 because IB revenues were up 80% and they had like a 50% profit margin in IB excluding the scandals. Just saw the CEO on CNBC say it was “one of the best quarters operationally in the history of the bank.” Funny to think how great bonuses would have been and the reality of what they’ll probably be now...
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