and one day after US regional banks rebounded amid hopes that the US small bank run was easing, the bank crisis made a triumphant arrival in Europe where it was all about Credit Suisse.
The Swiss Bank, already
trading at all time lows after it said yesterday that its financial
reports had a material weakness, cratered more than 20%...... after the bank's top shareholder, Saudi National Bank
Chairman Ammar Al Khudairy, whose stake has lost more than one-third of
its value in three months, ruled out investing any more in the troubled
Swiss bank as a bigger holding would bring additional regulatory hurdles." ZH
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