Professor Elam

CS is still reeling from its $5 B + loss in Archegos.

Not many want its stock now priced at $3.557 or  30% of book value.

So what to do, how does CS raise captial?

CS bought First Boston in 1988.

First Boston was a legendary investment banking name having begun at the depths of the Depression in  19+32. That purchase put CS in the investment banking business.

Now CS plans to brig back the FB name and go public with it. That worked spinning Ferari off Fiat, but we will see if itworks here. CS needs some good news in the worst way.