|Bid||0.0000 x 47300|
|Ask||0.0000 x 21500|
|Day's range||3.5400 - 3.6500|
|52-week range||2.9800 - 10.0900|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.10 (2.78%)|
|Ex-dividend date||09 May 2022|
|1y target est||4.22|
Banks that lost billions from the meltdown of Archegos Capital Management will get back as little as 5 cents on the dollar from its restructuring, with brokers such as Goldman Sachs funding the payouts using cash left in the family office’s trading accounts. Global banks, including Credit Suisse and Morgan Stanley, that lost more than $10bn from the blow-up of Archegos, are expecting to recoup between 5 per cent and 20 per cent of their losses, according to people familiar with the matter. Credit Suisse, the biggest casualty of the collapse, which left it facing more than $5bn of losses, could get back as little as $250mn.
(Bloomberg) -- Credit Suisse Group AG plans to shift an asset management business that helps buyout firms raise funds to its First Boston spinout as the firm works to reshape its investment bank after losses.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesMicrosoft Studio Behind Halo Faces a Reboot on Years of TurmoilBrexit Is Costing the UK £100 Billion a Year in Lost Output8,000 Layof
This is an audio transcript of the FT News Briefing podcast episode: ‘Microsoft cloud business holds up’Marc FilippinoGood morning from the Financial Times. Today is Wednesday, January 25th, and this is your FT News Briefing.