Saudi National Bank chair resigns after Credit Suisse comments
London CNN — The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments he made about the Swiss lender accelerated a plunge in its share price. The bank was rescued four days later after a crisis of confidence among investors and customers took it to the brink …
The post Saudi National Bank chair resigns after Credit Suisse comments appeared first on Egypt Independent.
Egypt Independent
March 28, 2023
UBS has sealed a deal to buy rival Swiss bank Credit Suisse to avoid further market-shaking turmoil in global banking, Swiss authorities say. Swiss regulators have been forced to step … Continued
