Credit Suisse sells $2 bn of stocks linked to Archegos: Reports

Credit Suisse Group has put about $2 billion of stocks linked to Archegos Capital Management on the market in the second such block sale since the fallout of the US-based hedge fund, reports said. The bank reportedly also unloaded $2.3 billion of Archegos-linked stocks last week. The Swiss bank has already taken a $4.7 billion writedown from Archegos' collapse.