Saudi National Bank wanted to increase its stake in Credit Suisse (CS) to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper reported on Sunday, according to Reuters. With Switzerland’s second-largest bank on the edge of collapse, UBS (UBS) agreed to buy Credit Suisse for $3.4B on March 19 in a rescue orchestrated by Swiss authorities.
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