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An Entity of Type : rnews:Article, within Data Space : asrael.eurecom.fr associated with source document(s)

Attributes	Values
rdf:type	rnews:Article
rnews:headline	Credit Suisse takes $4.7 bn charge due to hedge fund (en)
dc:subject	http://cv.iptc.org/newscodes/subjectcode/04000000 http://cv.iptc.org/newscodes/subjectcode/04006000 http://cv.iptc.org/newscodes/subjectcode/04017000 http://cv.iptc.org/newscodes/subjectcode/04008000 http://cv.iptc.org/newscodes/subjectcode/04008025 http://cv.iptc.org/newscodes/subjectcode/04006002
rnews:articleBody	Credit Suisse said Tuesday that it had set aside 4.4 billion Swiss francs ($4.7 billion, 3.9 billion) to absorb losses related to a fire sale of shares by Archegos Capital Management. "This includes a charge of CHF 4.4 billion in respect of the failure by a US-based hedge fund to meet its margin commitments as we announced on March 29, 2021," the bank said in a statement. It did not name the fund, but reports by Bloomberg News last month said that little-known Archegos Capital Management sold more than $20 billion in stocks from US media and Chinese companies as it sought to cover its obligations to its lenders. noo/rl/wdb CREDIT SUISSE GROUP (en)
rnews:dateCreated	2021-04-06 06:23:43Z (xsd:dateTime)
rnews:dateModified	2021-04-06 06:23:43Z (xsd:dateTime)
rnews:datePublished	2021-04-06 06:23:43Z (xsd:dateTime)
rnews:dateline	Zurich
rnews:identifier	urn:newsml:afp.com:20210406T062343Z:TX-PAR-UYB54:1
rnews:inLanguage	en
rnews:slug	Switzerland-banking-investments-CreditSuisse
schema:contentLocation	http://asrael.eurecom.fr/news/ba597ba4-b2ac-31dc-b6b5-a298bf1e63f0/contentLocation
schema:contentReferenceTime	2021-04-06 06:23:43Z (xsd:dateTime)
schema:keywords	Switzerland investments banking CreditSuisse

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