CHF4.4bn charge on Archegos default will lead to a pre-tax profit loss of around CHF900m for Q1 21.
Share buy-back programme suspended.
Brian Chin, CEO of the Investment Bank, and Lara Warner, Chief Risk and Compliance Officer, have to step down.
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CHF4.4bn charge on Archegos default will lead to a pre-tax profit loss of around CHF900m for Q1 21.
Share buy-back programme suspended.
Brian Chin, CEO of the Investment Bank, and Lara Warner, Chief Risk and Compliance Officer, have to step down.
