#Credit Suisse

SNB’s Q2 2023 net profit up 9% to $1.33bn

SNB’s Q2 net profit up 9% to $1.33bn

The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30

shuaa

Dubai’s Shuaa bolsters investment bank with Credit Suisse hires

The latest round of hiring at Shuaa Capital comes amid a flurry of capital markets activity in the Middle East

Saudi National Bank profit Q1 2023

SNB to hold 0.5% stake in UBS Group after merger with Credit Suisse

The bank’s investment in Credit Suisse plunged by approximately 20 per cent by the end of 2022 and a further 70 per cent in Q1 2023

Oil

Oil spread slumps most since January

High US exports have also contributed to ample levels of supply

Credit Suisse

Qatar Investment Authority ups its stake in Credit Suisse

Qatar Investment Authority becomes the Swiss bank’s second largest shareholder just behind the Saudi National Bank

Saudi National Bank to raise capital in Credit Suisse by $4.1bn

Saudi National Bank to raise capital in Credit Suisse by $4.1bn

Saudi National Bank was an anchor investor in Credit Suisse’s capital raise and now holds 9.9 per cent in the firm

Credit Suisse

Credit Suisse to raise $4bn to fund a sweeping overhaul

The plan includes carving out Credit Suisse’s advisory and leveraged finance business into a separate unit renamed Credit Suisse First Boston

Credit Suisse Cuts Dubai Investment Banking Jobs

The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.