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Fallout From Hedge Fund’s Defaults Spreads Through Markets: Live Updates



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Here’s what you need to know: Thomas Gottstein, who has been chief executive of Credit Suisse for about a year, is facing the second blow to the bank’s reputation and finances within a month.Credit…Ennio Leanza/EPA, via ShutterstockCredit Suisse was in the middle of yet another international financial debacle on Monday after the Swiss bank warned that it faced “highly significant” losses from loans it made to a troubled New York hedge fund, Archegos Capital Management, to finance the hedge fund’s trades.Credit Suisse is already grappling with losses from funds it managed for Greensill …

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