Investment Banking

Credit Suisse set to issue report on Archegos errors

Major review from the Swiss lender could reveal the processes and human errors that led to failures around the family office

Credit Suisse 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.

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