Credit Suisse executives were grilled on Archegos losses. Here’s what they said.

Credit Suisse executives were grilled on Archegos losses. Here’s what they said.
Steve Goldstein
·4 min read
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So how exactly do you explain what's now estimated to be 5 billion francs ($5.5 billion) in charges from letting a client build up a massively leveraged position that ultimately couldn't be repaid?