Credit Suisse granted Saudi banking licence

Pedro Gonçalves
clock • 2 min read

Credit Suisse will be issued with a banking licence to operate in the kingdom Saudi Arabia's finance minister has revealed. The Swiss bank has been seeking to obtain a full banking licence in the Middle East's largest economy since August last year, as reported. Credit Suisse will join competitors such as Citigroup JPMorgan Chase & Co and HSBC Holdings in expanding into Saudi Arabia. "The incoming new players from international banks come after opportunities because they know there are ...

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