Saudi National Bank loses over $1 billion on Credit Suisse investment

TL;DR

The Riyadh-based bank holds a 9. "Even though the situation at Credit Suisse was not perfect and investors had a lot of question marks about the future of the bank, SNB didn't help calm down investors and shot themselves in the foot" with the chairman's comments, one UAE-based investment banker, who requested not to be named due to professional restrictions, told CNBC. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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