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Chairman of Saudi National Bank who sparked turmoil for Credit Suisse resigns: reportAmmar Al Khudairy, the chairman of Saudi National Bank has reportedly resigned and will be replaced by the bank’s chief executive officer, Saeed Mohammed Al... Because he said the truth which is sin in banking sector
Source: MarketWatch - 🏆 3. / 97 Read more »
Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-offAl-Khudairy's resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse. The collapse of the Swiss bank affected many investors, and the Saudi National Bank also has an investment portfolio that exceeds $600 billion, and the loss of one and a half billion will not affect the bank
Source: CNBC - 🏆 12. / 72 Read more »
Saudi National Bank Chair Quits After Comments Helped Push Credit Suisse Into TailspinThe chairman of Credit Suisse’s largest shareholder helped trigger a calamitous drop in share price when he ruled out pumping more cash into the ailing bank.
Source: Forbes - 🏆 394. / 53 Read more »
Saudi National Bank appoints new chairman after Credit Suisse lossSaudi National Bank , the largest shareholder in Credit Suisse before the bank's rescue earlier this month, on Monday named a new chairman after the lender suffered significant losses on its investment. He resign for personal reasons as announced The former chairman resigned for personal reasons, and many investors has loss in the Credit Suisse and SNB loss worth $1.5 billion of the total investments worth $600 billion
Source: Reuters - 🏆 2. / 97 Read more »
Saudi National Bank chair resigns after Credit Suisse comments | CNN BusinessThe chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments he made about the Swiss lender accelerated a plunge in its share price.
Source: cnni - 🏆 326. / 59 Read more »
Chairman of Saudi National Bank, who sparked turmoil for Credit Suisse, resignsAmmar Al Khudairy, the chairman of Saudi National Bank, has resigned and will be replaced by the bank’s chief executive officer, Saeed Mohammed Al Ghamdi, the lender said in a statement.
Source: MarketWatch - 🏆 3. / 97 Read more »