![NEW YORK, NEW YORK - MARCH 29: A Credit Suisse sign hangs outside of it's Manhattan offices on March 29, 2021 in New York City. Major global banks, including Credit Suisse, are preparing to be hit with billions of dollars in losses after after the US hedge fund Archegos Capital defaulted on margin calls last week. Spencer Platt/Getty Images/AFP
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A Credit Suisse sign in New York. The investment bank could suffer losses of as much as $4 billion due to its exposure to Archegos AFP
A Credit Suisse sign in New York. The investment bank could suffer losses of as much as $4 billion due to its exposure to Archegos AFP
Global banks brace for Archegos fallout as they may lose more than $6bn
Regulators and investors fear the failure of US hedge fund Archegos could have broader consequences