Credit Suisse unloads its position in Discovery in wake of Archegos blowup

Credit Suisse unloads its position in Discovery in wake of Archegos blowup

Discovery Class A shares slid more than 4 percent after CNBC reported Credit Suisse is still unloading its position in the wake of Archegos Capital Management’s blowup. According to people familiar with the matter, the bank was selling 19 million shares of Discovery’s class A stock on Tuesday. CNBC’s Jim Cramer, Carl Quintanilla and David Faber discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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