Credit Suisse Rises as Saudi Crown Prince Weighs Investment

(Bloomberg) — Credit Suisse Group AG rose as much as 7.5% 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.

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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…

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