Credit Suisse unloads its position in Discovery in wake of Archegos blowup

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  • CNBC Television published this video item, entitled “Credit Suisse unloads its position in Discovery in wake of Archegos blowup” – below is their description.

    Discovery Class A shares slid more than 4 percent after CNBC reported Credit Suisse is still unloading its position in the wake of Archegos Capital Management’s blowup. According to people familiar with the matter, the bank was selling 19 million shares of Discovery’s class A stock on Tuesday. CNBC’s Jim Cramer, Carl Quintanilla and David Faber discuss.

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    In This Story: Credit Suisse

    Credit Suisse Group AG is a global wealth manager, investment bank and financial services firm founded and based in Switzerland.

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