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Credit Suisse Hires New Chief Tech Officer From Goldman Sachs

Credit Suisse Hires New Chief Tech Officer From Goldman Sachs
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Credit Suisse Top Holder Qatar Investment Authority Cuts Stake

Jul 01 2021, 9:58 AM June 30 2021, 5:55 PM July 01 2021, 9:58 AM (Bloomberg) The Qatar Investment Authority cut its stake in Credit Suisse Group AG to below 5%, deepening the turmoil surrounding the firm after a pair of scandals this year left it the worst-performing major bank stock in Europe. (Bloomberg) The Qatar Investment Authority cut its stake in Credit Suisse Group AG to below 5%, deepening the turmoil surrounding the firm after a pair of scandals this year left it the worst-performing major bank stock in Europe. The Gulf nation sovereign wealth fund has a holding of 4.8% in Credit Suisse, or about 128 million shares, according to a filing with the Securities and Exchange Commission on Wednesday. The QIA had previously held about 133 million shares, making it the Swiss bank’s biggest shareholder, according to Bloomberg data.

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