|Bid||3.3200 x 140000|
|Ask||3.4000 x 140000|
|Day's range||3.2000 - 3.4800|
|52-week range||2.8000 - 8.7000|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.10 (3.04%)|
|Ex-dividend date||09 May 2022|
|1y target est||N/A|
Banks that lost billions from the meltdown of Archegos Capital Management will get back as little as 5 cents on the dollar from its restructuring, with brokers such as Goldman Sachs funding the payouts using cash left in the family office’s trading accounts. Global banks, including Credit Suisse and Morgan Stanley, that lost more than $10bn from the blow-up of Archegos, are expecting to recoup between 5 per cent and 20 per cent of their losses, according to people familiar with the matter. Credit Suisse, the biggest casualty of the collapse, which left it facing more than $5bn of losses, could get back as little as $250mn.
This is an audio transcript of the FT News Briefing podcast episode: ‘Microsoft cloud business holds up’Marc FilippinoGood morning from the Financial Times. Today is Wednesday, January 25th, and this is your FT News Briefing.
LONDON (Reuters) -Barclays has appointed former Credit Suisse dealmaker Cathal Deasy as co-head of investment banking, the lender said on Tuesday, as Chief Executive C.S. Venkatakrishnan seeks to grow the business and plan for succession. Deasy will work alongside Taylor Wright, the co-head of global capital markets, the British bank said. The changes were part of the bank "fostering the next generation of leadership and thinking," Venkatakrishnan, known internally as Venkat, said in a memo about the moves that was seen by Reuters.