{
Mohammed Al-Qahtani

People

}
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Saudi Fund Halts Swiss Investments After Credit Suisse Crisis Fallout

Saudi Arabia's Public Investment Fund has halted investments in Swiss financial markets following the Swiss government's handling of the Credit Suisse crisis, which resulted in a sudden $17 billion write-off of AT1 bonds. This move has damaged Switzerland's reputation as a safe haven for investors, prompting concerns about the stability of its financial system, particularly with UBS's significant liabilities. The swift regulatory actions have led to a loss of trust among overseas investors, reshaping perceptions of risk in Swiss assets.
The Armchair Trader
UBS Group AG Credit Suisse Group Ltd. CHE SAU IRL Yasir Al-Rumayyan Mohammed Al-Qahtani Show more
Finance & Economy, News Article
12:05 23.05.2025
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