Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day.
Credit Suisse's biggest backer, Saudi National Bank, has said it won't provide further financial help for the bank.Stefan Wermuth | Bloomberg | Getty Imageson 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
lookner Swiss regulator : credit Suisse Meets capital and liquidity requirements
lookner Swiss regulator : in contact with credit Suisse central bank to provide liquidity if Needed.
Swiss regulator FINMA said to likely make CS (credit Suisse ) statement soon
BNP stops accepting swaps reassignments involving CREDIT SUISSE
FED working with US treasury to review CREDIT SUISSE exposures
They sold their shares for a number of reasons, one of which was that the Swiss credit did not bring the profits it had hoped for, and the profits is the main goal of stock market.
It’s got worse for Credit Suisse its down 30%
lookner Was trading halted?
lookner So, it was men in dresses causing banking runs?
lookner SarahClapp
I understand the Saudis....why would you invest in a bottomless well?
Swiss need to find others project as lost now second resources from Russians. after Ukraine war. And now Saud's. Swiss was a home of Russian money laundering group's. Which using Swiss Bank to hide Russia public funds by Remote of Putin. and was a key of Greek financial crisis
WHO VOTED BIDEN LMFAO!!!!
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