Credit Suisse Collapse Burns Saudi Investors

Some of kingdom’s officials harbored doubts about a $1.5 billion investment in bank before crown prince signed off

"The Saudi investment is almost wiped out after Credit Suisse’s emergency merger with UBS Group AG. Credit Suisse’s meltdown also erased billions of dollars in investments made by Qatar’s sovereign fund and the Saudi-based Olayan family.”

#BankingCrisis #SaudiArabia #CreditSuisse #Economy
https://www.wsj.com/articles/credit-suisse-collapse-burns-saudi-investors-3f096a07