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The Latest Breaking News from Saudi National Bank

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune

This Is What Killed Credit Suisse

What was the No. 2 Swiss bank was acquired on March 19 for the modest sum of $3.24 billion by its rival and peer UBS.

The Street

The Interview That Killed Credit Suisse

What was the No. 2 Swiss bank was acquired on March 19 for the modest sum of $3.24 billion by its rival and peer UBS.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Head of Credit Suisse's Saudi investor who sparked a stock panic quits for ‘personal reasons’

The Saudi National Bank torpedoed its own $1.6 billion investment after its ill chosen words obliterated any remaining confidence in the Swiss lender.

Fortune

Markets rally despite banking fears; UK retailers turn optimistic after bleak winter – as it happened

Shares in First Citizens Bank surge 45% as it agrees to buy much of Silicon Valley Bank, while Saudi National Bank’s Ammar Alkhudairy resigns

The Guardian - UK

World faces prospect of financial tumult

Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay…

Bangkok Post

Saudi National Bank Says Credit Suisse Crisis Has No Impact on Growth Plans

In light of the repercussions of the crisis experienced by the Credit Suisse Group, the second largest bank in Switzerland, which has been operating for 167 years, the Saudi National Bank announced on Monday that any change in the fair value of its investment in the Swiss group would not…

Asharq Al-Awsat

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The Last Hours of Credit Suisse (as They Might Have Gone)

Here's an imaginary depiction of the talks that sealed the fate of Credit Suisse, a 167-year-old European bank.

The Street

Saudi National Bank to lose $1.2B on Credit Suisse rescue

Comments from SNB's chairman sparked a crisis of confidence that ended with UBS taking over its Swiss rival for $3.2 billion.

Fortune

Credit Suisse Could Be Acquired by Rival UBS: JPMorgan Analyst

The most likely outcome is for UBS to acquire Credit Suisse, according to a JPMorgan analyst.

The Street

Credit Suisse Catches Its Breath. But for How Long?

The bank will borrow nearly $54 billion from the Swiss central bank (SNB) to bolster its liquidity. Credit Suisse shares rebounded nearly 23%.

The Street

Why a TV interview led to a day of chaos for Credit Suisse

Credit Suisse has struggled with scandals, a string of CEOs, and customer outflows.

Fortune

Credit Suisse Finds a Lifeline at Home

The bank will borrow nearly $54 billion from the Swiss central bank (SNB) to bolster its liquidity. Credit Suisse shares rebounded nearly 23%.

The Street

Banking fears spread to Europe, dragging down shares of big lenders

On the heels of bank failures in the U.S., shares of European bank Credit Suisse fall, prompting concerns about the health of the global banking system.

Chicago Sun-Times

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The Street

Swiss Government Ready to Rescue Credit Suisse

The Swiss authorities sent a reassuring message to the markets which are questioning the financial solidity of Credit Suisse.

The Street

Credit Suisse Is Tanking Dangerously

The shares of the second Swiss bank crashed on Wednesday after its largest shareholder indicated that he would no longer invest in the bank.

The Independent UK

Credit Suisse shares sink as key investor vows no more help

Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday, hitting a record low after its biggest shareholder — the Saudi National Bank — told outlets that it would not inject more money into the ailing Swiss bank

The Street

Credit Suisse Does Not Want to Talk About Government Bailout

Axel Lehman, Chairman of Switzerland's second largest bank, says government bailout is "not a topic."

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The Street

Credit Suisse Tumbles

The shares of the second Swiss bank crashed on Wednesday after its largest shareholder indicated that he would no longer invest in the bank.

Asharq Al-Awsat

Saudi: SEC Secures $2.6 Billion in Local Syndicated Facility Agreement

The Saudi Electricity Company signed with nine local banks a syndicated facility agreement valued at SAR 10 billion ($2.6 billion). The seven-year facility is provided by Al Rajhi Bank, Banque Saudi Fransi, Saudi British Bank, Saudi National Bank, Riyad Bank, Bank Albilad, Bank AlJazira, Qatar National Bank KSA and Saudi…

Benzinga

Downsizing At Twitter After Musk Takeover, Big Pharma Chains To Pay $14B In Opioid Claims, Tesla Shutters 1st Showroom In China: Top Stories Wednesday, Nov. 02

Reuters

The Street

Struggling Credit Suisse Unveils Emergency Plan

The No. 2 Swiss bank will cut up to 9,000 jobs by 2025 and raise $4 billion in capital, including from Saudi Arabia.

People

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