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(CNBC)   Credit Suisse vows to overhaul its risk management after a litany of scandals. It's not that business is bad - they lost money due to all the lawyer bills. Deutsche Bank enjoys a sensible schadenfreude   (cnbc.com) divider line
    More: Followup, Switzerland, Credit Suisse, risk management, Swiss franc, Management, investment bank, recent years, Credit Suisse CEO Thomas Gottstein  
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226 clicks; posted to Business » on 28 Jun 2022 at 2:50 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-06-28 3:42:08 PM  
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2022-06-29 12:05:25 PM  
I'm thrilled that our young folks were here today to read some outstanding authentic frontier corporate gibberish:

'...the Archegos collapse highlighted weaknesses in its risk management, where "outcome sustainability deviated from historical performance."' (Inner quote is from Credit Suisse directly, not the article's writer; emphasis added.)

Can I use that to explain away anything falling into the "well, that's not what happened last year!" category?
 
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