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Investment Banking

Credit Suisse, Morgan Stanley review credit lines to hedge funds, family offices post Archegos

Several banks are reworking agreements to change the terms of equities total-return swaps

Banks across Wall Street are looking to tighten the lending terms of some of their hedge-fund clients on the heels of Archegos Capital Management’s collapse.

Firms including Credit Suisse, Morgan Stanley and UBS are reviewing their businesses that offer financing to hedge funds and family offices for potential vulnerabilities to safeguard against another Archegos-style event, said bankers and hedge-fund managers.

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