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In late 2022, the Saudi National Bank became Credit Suisse's largest shareholder with a 9.9% stake, investing roughly CHF 1.5 billion as part of a strategic turnaround plan. This investment, aimed at stabilizing the bank, ultimately resulted in severe losses following the 2023 forced merger with UBS. For more details, visit cnbc.com .
Credit Suisse shares are a 'steal,' say new Saudi backers SNB
AI responses may include mistakes. For financial advice, consult a professional. Learn more
In late 2022, the Saudi National Bank became Credit Suisse's largest shareholder with a 9.9% stake, investing roughly CHF 1.5 billion as part of a strategic turnaround plan. This investment, aimed at stabilizing the bank, ultimately resulted in severe losses following the 2023 forced merger with UBS. For more details, visit cnbc.com .
Credit Suisse shares are a 'steal,' say new Saudi backers SNB
