ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Credit Suisse crisis highlights growing clout of Middle East money

'Black box' decision-making raises alarms in European financial circles

Then-CEO of Credit Suisse, Thomas Gottstein, and Saudi Public Investment Fund Gov. Yasir Othman Al-Rumayyan attend the Future Investment Initiative forum in Riyadh in January 2021.   © Reuters

TOKYO -- The crisis at Credit Suisse quickly deepened after its top investor, Saudi National Bank, ruled out further assistance, showcasing the outsize influence that Middle Eastern funds wield in the global financial market.

"Absolutely not," Chairman Ammar Al Khudairy said when asked on March 15 about providing more cash to the ailing Swiss bank.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more