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23.12 - 13:53
Saudi prince sets sights on Credit Suisse spinoff
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fnlondon.comSaudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest $1bn or more into Credit Suisse’s new investment bank, people familiar with the matter said.
Crown Prince Mohammed bin Salman is considering an investment of around $500m to back the new unit, CS First Boston, and its CEO-designate, Michael Klein, some of the people said. Additional financial backing could come from US investors including veteran banker Bob Diamond's Atlas Merchant Capital,...
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