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Swiss central bank backs Credit Suisse

FT News Briefing

Credit Swiss Will Not Be Able to Fail It Saying

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The Saudi National Bank refused to give Credit Swiss any more capital in the first place. This is really down to a clumsy comment made by the chair of the Saudi National Bank on Wednesday morning. The fundamental reason is very much a hangover from lack of confidence in global banking in the US and Europe following the collapses in banks last week.

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