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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
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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
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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
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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
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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
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