Crisis on Credit Suisse Bank too! Shares fell by 25% in a day, top investor refused to help

Credit Suisse Crisis: The heat of the bank crisis that started in America has now started reaching Europe. The last few days have been extremely difficult for Credit Suisse Bank Crisis, Europe’s largest bank. The process of heavy decline in the shares of the bank continues. There is another bad news for it in this difficult time. The biggest investor of the bank has refused to invest in the bank in this difficult time.

Explain that Saudi National Bank has the largest stake in Credit Suisse located in Switzerland. This stake is 9.9 percent of the total. The Saudi National Bank has categorically refused to invest further in Credit Suisse.

The chairman of Saudi National Bank said this

According to a Bloomberg report, Ammar-Al Khudairi, chairman of the Saudi National Bank, was asked on this matter whether he would invest more in the bank if Credit Suisse tries to raise more cash. He said that further Saudi National Bank will not make any kind of investment. There are many reasons behind this, the biggest reason being the rules and legal challenges.

Shares of Credit Suisse Bank fell up to 25 percent

Slowed by the crisis, Credit Suisse Bank crashed on the Swiss Stock Exchange. On Wednesday, a huge decline of up to 25 per cent has been registered in the shares of the bank. At the same time, a reduction of up to one-third has been recorded in the share prices of the bank in the last 3 months.

Swiss National Bank will give $ 54 billion loan to Credit Suisse

According to CNBC’s report, the Swiss National Bank has come forward to help Credit Suisse. Swiss National Bank has announced a loan of $ 52.68 billion to Credit Suisse. This loan will be given as a short term loan. Credit Suisse Bank is 166 years old bank. It is counted among the largest banks in the world. It is the second largest bank in Switzerland after UBS AG. After the sinking of America’s Silicon Valley Bank and Signature Bank, it is now affecting the rest of the world’s banks as well. But Credit Suisse Bank said on this matter that the bank has huge deposits and there is no danger of its drowning.

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