trending Market Intelligence /marketintelligence/en/news-insights/trending/qmi3Vs9OQXWOHoINK8UFjg2 content esgSubNav
In This List

Report: Activist hedge fund proposed Saudi investment for Credit Suisse

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: Activist hedge fund proposed Saudi investment for Credit Suisse

Activist hedge fund RBR Capital Advisors, which has called for the breakup of Credit Suisse Group AG, is said to have offered to connect the Swiss lender with the Saudi royal family as potential major shareholders.

Rudolf Bohli, who heads RBR, reportedly told Credit Suisse CEO Tidjane Thiam that the bank could boost its presence in the Middle East by having the Saudi royal family as a key shareholder and offered to introduce Thiam to a representative of the Saudis named Rashad Janahi, Reuters reported Nov. 27, citing "a person familiar with the matter."

A spokesman for Credit Suisse said in the week of Nov. 20 that the bank has not been in contact with any sovereign wealth funds from Saudi Arabia about becoming investors in the lender, following a Financial Times column that suggested such a possibility.