The chairman of Credit Suisse’s largest shareholder helped trigger a calamitous drop in share price when he ruled out pumping more cash into the ailing bank.
News Peg
SNB was Credit Suisse’s top shareholder and Al Khudairy’s comments came at an exceedingly poor time and intensified troubles at the Swiss bank. Heout investing any more money and taking its share of the Swiss institution past 10%, not least for “regulatory and statutory” reasons. Credit Suisse, already reeling from nearly a week of straight losses amid an array of controversies and an acknowledgment of “material weaknesses” in its financial reporting, nosedived and share prices hit record lows.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-offAl-Khudairy's resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.
Baca lebih lajut »
Chairman of Saudi National Bank who sparked turmoil for Credit Suisse resigns: reportAmmar Al Khudairy, the chairman of Saudi National Bank has reportedly resigned and will be replaced by the bank’s chief executive officer, Saeed Mohammed Al...
Baca lebih lajut »
Saudi National Bank appoints Al Ghamdi as chairmanSaudi National Bank Chief Executive Saeed Mohammed Al Ghamdi has been appointed as the bank's chairman after the resignation of Abdul Wahed Al Khudairy for personal reasons, it said on Monday.
Baca lebih lajut »
CNBC Daily Open: Deutsche Bank is not Credit SuisseDeutsche Bank is the latest bank to suffer a panic-driven sell-off. But analysts said it's an irrational move by markets.
Baca lebih lajut »
First Citizens Bank to buy Silicon Valley Bank deposits and loansFirst Citizens Bank agreed to buy Silicon Valley Bank's deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday.
Baca lebih lajut »