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Credit Suisse Rises as Saudi Crown Prince Weighs Investment

  • Mohammed bin Salman is considering $500 million injection
  • Crown Prince considers investment in investment bank spinoff
Bloomberg business news
Saudi Crown Prince Weighs Credit Suisse InvestmentSource: Bloomberg
Updated on

Credit Suisse Group AG shares rose on the prospect that Saudi Arabian Crown Prince Mohammed bin Salman will take a stake in the Swiss firm’s planned investment bank spin out. 

Bin Salman may put about $500 million into the vehicle, according to people with knowledge of the matter. Other investors may include former Barclays Plc chief executive Bob Diamond’s Atlas Merchant Capital, the people said, asking not to be identified as the deliberations are private. It’s unclear whether the Crown Prince’s interest would come in a personal capacity or through other investment vehicles in the Kingdom.