Trade Ideas

Traders Sentiment

Technical Summary



British Business - April 23

April 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Jaguar Land Rover has suspended production at two of its three car manufacturing sites as a worldwide shortage of computer chips forces the global automotive in

Credit Suisse boosts capital as Archegos wipes trading gains

By Brenna Hughes Neghaiwi ZURICH, April 22 (Reuters) - Credit Suisse CSGN.S said on Thursday it will boost capital reserves after taking a multi-billion dollar hit from the collapse of U.S. investment fund Archegos, while regulators announced an enforcement case against the bank over the matter. Switzerland's second-biggest bank after UBS UBSG.S po

Wall Street Journal - April 22

April 22 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Credit Suisse Group AG CSGN.S amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was f

Credit Suisse to boost capital ahead of further Archegos hit

By Brenna Hughes Neghaiwi ZURICH, April 22 (Reuters) - Credit Suisse CSGN.S will raise over $2 billion to strengthen its capital base after flagging a further hit from the collapse of U.S. investment fund Archegos and a shrinking of the prime brokerage unit responsible for the multi-billion dollar debacle. The demise of Archegos and another major c

Credit Suisse sees residual impact of 600 mln CHF from Archegos saga in Q2

(Corrects headline and lead to say the 600 mln CHF impact is for the second quarter, not for 2021) BERLIN, April 22 (Reuters) - Credit Suisse CSGN.S expects a residual impact of approximately 600 million Swiss francs ($655 million) from the U.S.-based hedge fund matter in the second quarter, it said on Thursday. It already had exited 97% of the rel


Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.