5 things to know before the stock market opens Tuesday

SectorFinancial Markets
CountryMiddle east

Here are the most important news, trends and analysis that investors need to start their trading day: Credit Suisse announced several high-level staff departures and proposed a cut to its dividend in the fallout from the Archegos Capital saga. The Swiss-based lender now expects a first-quarter pretax loss of around $960 million, after taking a $4.7 billion charge as a result of the U.S. hedge fund's meltdown. Credit Suisse said its investment bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner will step down immediately.

Late last month, Credit Suisse was forced to dump a significant amount of stock to sever its ties to the troubled Archegos family office. Japan's Nomura and Wall Street's Goldman Sachs were also forced to sell stocks on behalf of the highly leveraged Archegos. The value of the entire cryptocurrency market topped $2 trillion for the first time Monday, driven by a rally in ether, the second-largest digital coin, which alone has a market...read more...