I worked with CS, and I know people who worked there in various functions. It is the messiest, least competent, most corrupt entity I've ever worked with or kn

I worked with CS, and I know people who worked there in various functions. It is the messiest, least competent, most corrupt entity I've ever worked with or known anyone to work with, ever. Just to get it right, it's not one entity, either. We were signing documents with them and it turned out they had dozens of entities, just for the little area they were servicing my hedge fund with. A total mess, huge amount of paperwork, nobody knew why you do the shares with this CS and the derivatives with the other CS. Another story is they literally cannot calculate their risk for several days after trading has happened. My friend told me this, I nearly choked on my food thinking "how can it take several hours". And then he corrected me, he actually meant days, not hours. Another story is they had a trading desk that was making a lot of money on low risk. Ideal situation. The little boss decided to throw more costs onto the desk, because apparently it can happen that another boss comes and grabs the profitable teams for himself. The big boss looks at the losses, fires the team. Year and a half later my buddy gets a call about coming back. Add to that the soap opera involving the executive suite wives, money laundering, huge losses from Archegos back to the GFC, and so on. Sounds like a parody of a bank.