Did we know that the Saudi's were a major "shareholder" of Credit Suisse?
I like you're thinking on this angle tbh.
Did we know that the Saudi's were a major "shareholder" of Credit Suisse?
I like you're thinking on this angle tbh.
Saudi National Bank, which is 37% owned by the kingdom's sovereign wealth fund, is Credit Suisse's largest shareholder as of late 2022 after acquiring a 9.9% stake. Al Khudairy said there are no plans at the moment to take the stake over the 10% threshold because of regulatory hurdles. In the last several months, since the bank's equity has been on a waterfall lower, the Saudis have lost more than 500 million francs on their position.
The news the Saudis are perhaps done supporting the troubled Swiss bank sent shares down as much as 25% to a new record low in Zurich.
While we're going backwards.
Did the Vatican know Credit Suisse was in trouble?
Remember this
https://www.catholicnewsagency.com/news/252093/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30