Saudi National Bank appoints chairman after Credit Suisse loss | Business and Economy News



Decision made nearly two weeks after former chairman Ammar Al Khudairy said the kingdom’s biggest bank by assets would not buy more shares in Credit Suisse on regulatory grounds.

Saudi National Bank, the largest shareholder in Credit Suisse before the bank’s rescue this month, named a new chairman after the lender suffered significant losses on its investment.

CEO Saeed Mohammed Al Ghamdi…


Written by bourbiza

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