Economics
Top Bankers Quietly Prep for Saudi While Their Bosses Skip Forum
- HSBC, SocGen senior financiers among those attending event
- Fiasco around conference follows disappearance of journalist
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In public, finance industry leaders have bailed on a key Saudi Arabian investment conference next week. Behind the scenes, dealmakers bringing in the hard cash are fretting -- and still going.
Senior investment bankers from HSBC Holdings Plc, Societe Generale SA and Credit Suisse Group AG are planning to attend the Future Investment Initiative -- dubbed “Davos in the Desert” -- even though their chief executives have told the world they’ve canceled appearances there.