Complete News World

Gottstein, Rohner, Schwan and 17 CS heroes have been indicted in the United States!

According to a media report, a US pension fund has filed a lawsuit against Credit Suisse’s current and former top managers in New York court. They want to hold bankers accountable for the collapse of the Archicos Hedge Fund.

As announced by the Bloomberg News Agency on Friday evening, Rhode Island City of Providence Pension Fund has sued a dozen CS executives in connection with the Archegos scandal. In a lawsuit filed Tuesday, CS managers accused the hedge fund of failing to manage risk in the business through Archegos Capital Management, which later collapsed.