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Credit Suisse CEO Gottstein faces anger in the ranks on Archegos mess

According to people with knowledge of the call, Gottstein was grilled on the exposure and risk profile of the bank -- and why it lost so much more than rivals in the debacle

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Credit Suisse | Photo: Bloomberg

Patrick Winters and Jan-Henrik Förster | Bloomberg

4 min read Last Updated : Apr 08 2021 | 6:24 PM IST

For the second time in a little more than a week, Thomas Gottstein was facing a tough crowd: his own bankers.

The chief executive officer of Credit Suisse Group AG gathered dozens of managing directors at the global bank on a conference call late Tuesday, as part of crisis-management efforts after the lender announced that it stands to lose as much as $4.7 billion amid the meltdown of hedge fund Archegos Capital Management.

According to people with knowledge of the call, Gottstein was grilled on the exposure and risk profile of the bank -- and why it lost so much

Topics : Credit Sussie

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