From 21c0ec0880a1908c58941a32e7e401767161d2e7 Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Fri, 30 Apr 2021 17:32:12 -0400 Subject: [PATCH] Create Credit-Suisse-involved-latest-Margin-Call.md --- .../Credit-Suisse-involved-latest-Margin-Call.md | 12 ++++++++++++ 1 file changed, 12 insertions(+) create mode 100644 Financial-Crisis/Credit-Suisse-involved-latest-Margin-Call.md diff --git a/Financial-Crisis/Credit-Suisse-involved-latest-Margin-Call.md b/Financial-Crisis/Credit-Suisse-involved-latest-Margin-Call.md new file mode 100644 index 0000000..21b89a3 --- /dev/null +++ b/Financial-Crisis/Credit-Suisse-involved-latest-Margin-Call.md @@ -0,0 +1,12 @@ +BREAKING - Credit Suisse involved in the latest margin call +=========================================================== + +**Author: [u/notoriousFlash](https://www.reddit.com/user/notoriousFlash/)** + +**[Source](https://www.reddit.com/r/GME/comments/mfie48/breaking_credit_suisse_involved_in_the_latest/)** + +[News](https://www.reddit.com/r/GME/search?q=flair_name%3A%22News%22&restrict_sr=1) + +A significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks. Following the failure of the fund to meet these margin commitments, Credit Suisse and a number of other banks are in the process of exiting these positions. While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results, notwithstanding the positive trends announced in our trading statement earlier this month. We intend to provide an update on this matter in due course. + +