Credit Suisse's Saudi backer says it cannot go above 10% ownership

Saudi National Bank’s chairman says his bank cannot give more money to Credit Suisse as it cannot go above 10% ownership due to a regulatory issue.
Wednesday 15/03/2023
Credit Suisse branch

DUBAI - Saudi National Bank cannot give more money to Credit Suisse as it cannot go above 10% ownership due to a regulatory issue, SNB's chairman Ammar Al Khudairy told Reuters on Wednesday.

"Well we can't...We cannot because we would go above 10%," Al Khudairy said.