Re: A dance macabre Archived Message
Posted by Sir Michael Mouse on March 16, 2023, 4:45 pm, in reply to "Are they trying to lure Saudis back into the fold?"
https://www.theguardian.com/business/2023/mar/15/credit-suisse-shares-fall-low-top-investor-funding-saudi-national-bank 'The comments followed a market rout, prompted by earlier comments from Credit Suisse’s largest shareholder Saudi National Bank (SNB), which said it would not be able to stump up more cash because of regulatory restrictions limiting its holding to below 10%.' 'The high-profile economist Nouriel Roubini, known as Dr Doom for having predicted the 2008 financial crisis, warned that while Sillicon Valley Bank’s collapse had a “ripple effect” on the financial sector, any potential failure by Credit Suisse could prove to be a “Lehman moment”, referring to the collapse of the US investment bank Lehman Brothers in August 2007 that sparked the global banking crunch.'
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