Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays’s (BCS) former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse’s (CS) new investment bank, The Wall Street Journal’s Justin Baer, Margot Patrick, and Summer Said report, citing people familiar with the matter. Crown Prince Mohammed bin Salman is considering an investment of around $500 million to back the new unit, CS First Boston, and its CEO-designate, Michael Klein, some of the people said. Additional financial backing could come from U.S. investors including veteran banker Bob Diamond’s Atlas Merchant Capital, people familiar with that potential investment said. Reference Link
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