From Breakingviews - Credit Suisse investor’s exit will zip some lips
Asked by a television interviewer whether Saudi National Bank would invest more money into Credit Suisse, Al Khudairy replied “absolutely not”. Technically, he was correct. As a near-10% shareholder of the Swiss lender, SNB would have faced regulatory hurdles to lifting its shareholding above that threshold. Nevertheless, jittery investors and customers took the comment as a sign of no confidence and fled.
Although SNB lost more than $1 billion on its Credit Suisse investment, Gulf investors are unlikely to
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