Credit Suisse shares tank after Saudi backer rules out further assistance

Credit Suisse shares tank after Saudi backer rules out further assistance Hello people in the world, today Random Find Truth will provide information about the correctness and important updated opinions that you must read with the title Credit Suisse shares tank after Saudi backer rules out further assistance that has been Random Find Truth analysis, search and prepare well for you to read all. Hopefully information from Random Find Truth about Articles Prophecy, the Random Find Truth write you can make us all human beings who are knowledgeable and blessed for all.

Title : Credit Suisse shares tank after Saudi backer rules out further assistance
Link : Credit Suisse shares tank after Saudi backer rules out further assistance

KEY POINTS

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.
Speaking to CNBC’s Hadley Gamble during a panel session in Riyadh, Saudi Arabia, on Wednesday morning, Credit Suisse Chairman Axel Lehmann declined to comment on whether his firm would need any sort of government assistance in the future
Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory restrictions.

Trading in the bank’s plummeting stock was halted several times throughout the morning as it fell below 2 Swiss francs ($2.17) for the first time. READ MORE