The chairman of Credit Suisse’s largest shareholder has resigned less than two weeks after his comments set off a panic with the European lender’s shareholders, prompting an emergency sale to UBS
DUBAI—The chairman of Credit Suisse Group AG’s largest shareholder has resigned less than two weeks after his comments set off a panic with the European lender’s shareholders, prompting the Swiss governmentAmmar al-Khudairy, the chairman of Saudi
National Bank, is leaving for personal reasons and will be succeeded by Chief Executive Saeed Mohammed al-Ghamdi, the bank said on Monday. It didn’t say whether the resignation was tied to Mr. Khudairy’s comments on SNB’s investment in Credit Suisse.
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