Saudi Arabian investors in Credit Suisse have lost billions of dollars following the banking giant’s meltdown last week, leading to fears of an imminent global banking crisis. The Saudi National Bank (SNB), which is Credit Suisse’s top shareholder, has had its US$ 1.5 billion investment almost wiped out, while the Saudi-based Olayan family also suffered huge losses. Credit Suisse, which has been struggling for months, sought help from the Swiss government this week. An emergency deal was eventually brokered on Sunday to secure the bank’s future and prevent more chaos in the markets. No more money for Credit Suisse That's what Saudi National Bank Chairman Ammar Ab
Hence then, the article about saudi investors lose billions in credit suisse crisis was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Saudi investors lose billions in Credit Suisse crisis )