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Saudi Bank Chief Resigns After Credit Suisse Comment Triggers Share Price Collapse

  The chairman of Saudi Arabia’s largest lender, the Saudi National Bank (SNB), Ammar Al Khudairy, has resigned from his position, the bank announced on Monday.   Although, Khudairy’s resignation was officially “due to personal reasons,” it came mere days after his comments triggered a share price collapse of Switzerland’s second-largest bank, Credit Suisse.   He categorically stated that SNB would not provide additional capital to the troubled Credit Suisse in an interview with Bloomberg TV on Monday.  

Credit Suisse investor s exit will zip some lips

Credit Suisse investor s exit will zip some lips
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