Saudi National Bank says panic over Credit Suisse is 'unwarranted'
Publishing timestamp: 2023-03-16 03:02:39
Summary
The chairman of Saudi National Bank, Ammar Al Khudairy, described the recent market turmoil following Credit Suisse's stock plunge as "a little bit of panic" and believes that U.S. regulators have cut off any possibilities of spillover. He also stated that the recent fallout of the collapse of Silicon Valley Bank was different from the 2008 financial crisis and that Credit Suisse has not asked for financial assistance.
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Tickers: CSG.N-CH,
Keywords: business news, banks, credit suisse group ag, world markets,