In November 2021, Amol Prabhu and Rahim Daya, senior bankers at Barclays, got wind of the fact that Credit Suisse was keen to offload a sizeable chunk of its Africa private banking business.
The Swiss lender, now owned by UBS, was once again draining the bitter cup, having slogged its way through a year that saw it clobbered by the Archegos and Greensill scandals, and that culminated with it swallowing a SFr1.57 billion ($1.75 billion) full-year loss.
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