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Will Credit Suisse trigger a global banking crisis?

16 March 2023

12:04 AM

16 March 2023

12:04 AM

When your largest single shareholder decides that enough is enough, that it is no longer prepared to throw good money after bad to prop up your finances, you really do have a problem. And that is exactly what has happened to Credit Suisse this morning.

The Saudi National Bank, which owns a 10 per cent share in the Swiss bank, announced that it is no longer prepared to put up any more capital to prop the bank up.

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