Credit Suisse is likely to publish a report as soon as Thursday into the breakdown that led to massive losses from family office Archegos Capital Management, people familiar with the matter say
Credit Suisse Group AG is likely to publish an investigation as soon as Thursday into the breakdown that led to massive losses from family office Archegos Capital Management, people familiar with the matter said.
The detailed report could become public around the time Credit Suisse reports second-quarter earnings, the people said. The report focuses on problems in the bank’s risk management unit, human errors in judgment and unheeded risk in concentrated positions, some of the people said. It is expected to detail the bank’s failures, similar to lengthy reviews around other major bank losses, such as JPMorgan Chase & Co.’s $6 billion trading loss,
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