Credit Suisse CEO Faces Tough Questions on Archegos Loss

The transcript discusses a contentious conference call led by Credit Suisse's CEO, addressing the bank's crisis management following a significant financial loss due to Archegos. The call highlighted the bank's exposure and risk profile, with the CEO deflecting detailed answers. Credit Suisse's stock has declined, contrasting with rival banks' gains. The bank announced a $4.7 billion write-down and executive departures tied to risk decisions. Questions arise about Credit Suisse's extreme exposure compared to rivals who faced minimal impact. The new chairman's arrival is anticipated for strategic review.

Who were some of the key executives that were set to leave Credit Suisse?

What questions were raised by the board and investors regarding Credit Suisse's losses?