The news comes after Switzerland's second-biggest bank said last week it would all but stop funding hedge funds by shutting most of its prime brokerage business, a division blamed for racking up $5.5 billion in losses when investment fund Archegos Capital Investment defaulted in March. The collapse of Archegos as its highly leveraged stock bets went sour triggered a damning independent report that slammed the bank's risk management and raised questions about its ability in the longer term to compete with rivals. On Monday, Credit Suisse (SIX: CSGN ) said it had enlisted BNP Paribas to help its prime services and derivatives clearing customers find new providers, a move industry watchers said might hobble the Swiss bank as its prime services unit has been a key generator of revenues. "Credit Suisse will support affected customers as they select alternative Prime Services providers of their choice," the bank said.