Credit Suisse stock plunges to new record low. What’s going on?
‘s largest shareholder, Saudi National Bank , said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds.
Trading in the Swiss bank’s shares was halted late morning as they fell by a fifth to fresh record lows, having been pummelled earlier in the week in market fallout from the collapse of Silicon Valley Bank. Al Khudairy said SNB was happy with Credit Suisse’s turnaround plan and did not think it would need more money, but
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