Saudi National Bank chair resigns after Credit Suisse buyout

Summary by Ground News

Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of troubled bank Credit Suisse

Published 2 months ago · Riyadh, Saudi Arabia

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Times of India

Saudi National Bank chair resigns after Credit Suisse buyout

The Saudi bank's board of directors "accepted the resignation" of Ammar AlKhudairy "due to personal reasons", said the statement published on the Saudi stock exchange.

2 months ago·Mumbai, India

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The Guardian

Saudi National Bank chair resigns after Credit Suisse comments

Ammar al-Khudairy’s remarks about Swiss lender spurred investor panic that led to emergency takeoverThe chair of the Saudi National Bank has resigned for “personal reasons” less than two weeks after his comments spurred investor panic over Credit Suisse that ended in an emergency takeover by its larger Swiss rival, UBS.The Saudi National Bank (SNB), which was Credit Suisse’s largest shareholder, announced on Monday that it had “accepted” Ammar a…

2 months ago·London, United Kingdom

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NDTV

Saudi National Bank Chair Resigns After Credit Suisse Buyout

The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its buyout this month, has resigned, a statement said on Monday.

2 months ago·New Delhi, India

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Associated Press News

Saudi National Bank chair resigns after Credit Suisse storm

The chairman of Saudi National Bank has resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering. A filing on Monday on Riyadh’s Tadawul stock

2 months ago·United States

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abc News

Saudi National Bank chair resigns after Credit Suisse storm

The chairman of Saudi National Bank has resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering

2 months ago·United States

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CNN

Saudi National Bank chair resigns after Credit Suisse comments

The chairman of Credit Suisse's largest shareholder, Saudi National Bank, has resigned less than two weeks after comments he made about the Swiss lender accelerated a plunge in its share price.

2 months ago·Atlanta, United States

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