Credit Suisse Group is continuing to lose senior bankers to competitors following missteps including a $5.5 billion loss tied to the meltdown of Archegos Capital Management. According to those familiar with the matter, several investment bankers in the U.S. gave their notice in the past week and others are considering leaving.
The departures are just the latest blows after Credit Suisse’s head of global mergers and acquisitions last month; more than 10 bankers had already been poached by rivals. The bank has been battling to hold on to key talent that rivals have sought to poach through hefty retention bonuses and other perks, in another sign that the Archegos fiasco continues to cost the bank.
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