Omnis’ thoughts on the Credit Suisse situation


The announcement that Saudi Bank (who own around 10% of Credit Suisse) would not invest in more equity in Credit Suisse triggered the recent share price collapse (and large widening in credit spreads). In reality, regulation prohibits Saudi Bank to own more than 10% in any case. The Swiss National Bank has stepped in to provide Credit Suisse with additional liquidity. Importantly, both the Swiss National Bank and the Swiss Regulator have confirmed that Credit Suisse continues to meet […]