The chairman of Saudi National Bank resigned for "personal reasons" after his comments on Credit Suisse sent that firm's stock cratering, a regulatory filing in the kingdom said on Monday. The filing on Riyadh's Tadawul stock exchange announced Ammar al-Khudairy's resignation from Saudi National Bank.
It dated his resignation as coming on Sunday. Shares of Credit Suisse sank over 30 per cent after al-Khudairy announced March 15 that its biggest shareholder - the Saudi National Bank - would not provide more money to the Swiss lender. Hours later, Switzerland's central bank agreed to lend Credit Suisse up to 50 billion francs (USD 54 billion) to shore up its finances. Swiss authorities later cut a deal with its bigger rival UBS to acquire troubled Credit Suisse at a marked-down price.
(PTI)
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google