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27-03-2023, 06:05 PM
Bloomberg
Mon, Mar 27, 2023 • 03:03 PM GMT+08 • 2 hours ago
Ammar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped spark a slump in the Swiss lender’s shares.
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Speaking in an interview with Bloomberg TV earlier this month, Al Khudairy said “absolutely not” when asked if Saudi National Bank would be open to further investments in Credit Suisse if there was another call for additional liquidity.
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Saudi National Bank, which is 37% owned by the kingdom’s sovereign wealth fund, saw the value of its investment in Credit Suisse plummet by about US$1 billion ($1.33 billion) in a matter of months after it acquired a roughly 9.9% stake for 1.4 billion francs last year.
https://www.theedgesingapore.com/news/cr...sse-remark
Mon, Mar 27, 2023 • 03:03 PM GMT+08 • 2 hours ago
Ammar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped spark a slump in the Swiss lender’s shares.
......
Speaking in an interview with Bloomberg TV earlier this month, Al Khudairy said “absolutely not” when asked if Saudi National Bank would be open to further investments in Credit Suisse if there was another call for additional liquidity.
......
Saudi National Bank, which is 37% owned by the kingdom’s sovereign wealth fund, saw the value of its investment in Credit Suisse plummet by about US$1 billion ($1.33 billion) in a matter of months after it acquired a roughly 9.9% stake for 1.4 billion francs last year.
https://www.theedgesingapore.com/news/cr...sse-remark
