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The chairman of Saudi National Bank has resigned for “personal reasons,” just after his comments on Credit Suisse sent that firm's stock cratering and...
The chairman of Saudi National Bank has resigned for “personal reasons,” just after his comments on Credit Suisse sent that firm's stock cratering and...
The resignation of Ammar al-Khudairy (pictured right) follows his remarks on March 15 that the Saudi National Bank would not provide more money to Credit Suisse.
(Bloomberg) -- Middle Eastern investors are becoming more cautious of making fresh investments in global banks after emerging as some of the hardest hit by the Credit Suisse Group AG crisis. Sovereign wealth funds and other investors in the region have been spooked by the market turmoil that wiped $1 billion from Saudi National Bank’s stake in the Swiss lender and are likely to be more wary on deals involving foreign financial firms, bankers and lawyers with knowledge of the matter said. The crisis is accelerating a pivot toward other sectors such as healthcare and technology, bankers said, ...
Looks like Louis Vuitton is playing its Trump card.