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Published 1 year ago

Credit Suisse shares slide 20% after Saudi backer rules out further assistance

Summary by Ground News
Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day, dropping by as much as 18.3% around 10 a.m. London time on Wednesday. The bank’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report.

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