Credit Suisse shares slide 21% - Printable Version
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Credit Suisse shares slide 21% - theold - 15-03-2023
Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report.
“We cannot because we would go above 10%. It’s a regulatory issue,” Saudi National Bank Chairman Ammar Al Khudairy told Reuters Wednesday.
Several Italian banks were also subject to automatic trading stoppages after sharp declines, including UniCredit
, Finecobank and Monte Dei Paschi
https://www.cnbc.com/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html