I think part of it is general laypeople (like myself) think Archegos and other failures we've heard about are in the past. I wonder if the reality is that Cred

I think part of it is general laypeople (like myself) think Archegos and other failures we've heard about are in the past. I wonder if the reality is that Credit Suisse (or other banks) still hold onto whatever losses resulted from those failures and then try various things to shore up/mitigate those losses as a business should do. When they've exhausted those various methods and/or the value of other assets (securities, bonds, bundles of loans aka MBS, etc.) have gone down dramatically then their balance sheet is a mess. There could be a point of no-return somewhere along the line if they've been horribly mis-managed and taking on or permitting customers to take on too much risk. That point of no-return might mean contagion to other banks/financial firms.