What a shit show for the CS stock
CS has unravelled a span of bad investments, the latest being direct lending to Archegos Capital Management, a company that has had to liquidate over $20 billion from highly leveraged positions. Earlier this year, the company also had to disclose material losses from the Greensill fund. In the time of writing, the stock is down 14% on the day (pre-market).
For those of you working at CS, how is your week looking?
Bump
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