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Credit Suisse's biggest backer says can't put up more cash; share down by a fifth

Credit Suisse's largest shareholder, Saudi National Bank, says it cannot buy more shares due to regulatory restrictions. The bank's shares fell by a fifth to fresh record lows.

  • Head of Credit Suisse's biggest shareholder, Saudi National Bank, says it cannot buy more shares due to regulatory restrictions.
  • Credit Suisse's shares fell by a fifth to fresh record lows after being pummelled earlier in the week.
  • Customer outflows rose to more than $120 billion in the fourth quarter.
  • SNB is happy with Credit Suisse's turnaround plan and does not think it will need more money.
Credit Suisse's biggest backer says can't put up more cash; share down by a fifth
The head of Credit Suisse Group's largest shareholder, Saudi National Bank (SNB) , said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds.

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