Interview That Collapsed Credit Suisse Costs Saudi Financier His Job

Late last week, in "We’re Scaring Ourselves Into Bank Runs Now," I suggested Credit Suisse would still be a standalone entity were it not for what, in my opinion, was an ill-conceived, on-air interview with Ammar Al Khudairy, chairman of Saudi National Bank, Credit Suisse's largest shareholder. My contention was (and still is) that Credit Suisse's rapid descent into oblivion this month was the direct result of a poorly-worded question and, just as importantly, Al Khudairy's failure to identi