After Archegos, Credit Suisse clients tap rivals for clearing

Swiss bank is said to have lost clearing business amid uncertainty over its future

Credit Suisse headquarters, Zurich
Credit Suisse headquarters, Zurich

Buy-side firms are shifting clearing business away from Credit Suisse in the aftermath of the Archegos Capital Management blow-up, according to sources at five rival banks.

Clearing banks in the US and Europe tell Risk.net they have picked up business from clients of Credit Suisse in recent weeks. A source at one of the banks says clients began leaving after the Swiss bank told them to find new clearers to handle their business. Others say clients may be turning elsewhere because of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: