The unbiased perspective

On March 15, credit Suisse shed a quarter of its value after its largest shareholder said it could not provide any more support. Saudi national Bank(SNB) who is the largest shareholder which hold about 9.9% credit Swiss, said it would not buy any more shares. According to the statement of SNB chairman Ammar Al Khudairy "we cannot because we would go above 10 per cent. Its a regulatory issue". After that the shares of credit Swiss dropped by as much as 30%, which leads to a fall of 7% in the European banking index. The stick has pummelled earlier in the week due to the collapse of US tech lender silicon valley Bank. The analysts of France said that the credit Suisse want a bailout by the Swiss National Bank and financial regulator FINMA, possibly one or more other banks. The analysts also said that the Saudi National Bank could do a U-turn.. Last year the Saudi National Bank has increased it stake in credit Suisse and committed to invest up to $1.5 dollars. On Tuesday the ban...