Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $33,250
41%  
Woo hoo!! And we're now over 41%!! Thank you all very much!! God bless.

Keyword: saudinationalbank

Brevity: Headers | « Text »
  • Credit Suisse shares slide 21%, trading halted after Saudi backer rules out further assistance

    03/15/2023 4:03:59 AM PDT · by Oldeconomybuyer · 28 replies
    CNBC ^ | March 15, 2023
    Shares of embattled bank Credit Suisse on Wednesday hit another all-time low for a second consecutive session, dropping by more than 21% shortly before being halted from trade. Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report. “We cannot because we would go above 10%. It’s a regulatory issue,” Saudi National Bank Chairman Ammar Al Khudairy told Reuters Wednesday. Several Italian banks were also subject to automatic trading stoppages after sharp declines, including UniCredit, Finecobank and Monte Dei Paschi. The embattled Swiss lender disclosed...