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By Nell Mackenzie
LONDON (Reuters) - Hedge fund manager Boaz Weinstein pinned hopes on Credit Suisse's survival, but also money on its demise. His derivatives trade which bet both on the success and failure of the bank now looks set to pay off, according to data from IHS Markit.
After shares in the 167-year old lender slumped last week amid fears of contagion from a U.S. banking crisis, UBS on Sunday agreed to pay 3 billion Swiss francs ($3.23 billion) for the bank in a package engineered by S...
>>> Read more: Boaz Weinstein's trade looks set to flourish on Credit Suisse demise
LONDON (Reuters) - Hedge fund manager Boaz Weinstein pinned hopes on Credit Suisse's survival, but also money on its demise. His derivatives trade which bet both on the success and failure of the bank now looks set to pay off, according to data from IHS Markit.
After shares in the 167-year old lender slumped last week amid fears of contagion from a U.S. banking crisis, UBS on Sunday agreed to pay 3 billion Swiss francs ($3.23 billion) for the bank in a package engineered by S...
>>> Read more: Boaz Weinstein's trade looks set to flourish on Credit Suisse demise
