SAUDI MEGA-BANK CAN TAKE CREDIT SUISSE IN ITS STRIDE – CAN OTHERS DO THAT? The Saudi National Bank has decided to look beyond the Credit Suisse fallout. Even with a SR5.5 billion commitment the Kingdom’s biggest banking entity made in the Swiss entity late last year will not amount to much now. SNB can afford to do that, given that this commitment has no material impact on its profitability. And represented only 1.7 per cent of its investment portfolio as of end 2022. Can other bondholders in the failed Credit Suisse do the same? Now that it’s been ‘rescued’ by UBS, will it only mean more business as usual for Credit Suisse? Including the chance for more bonuses and other perks of the job? (By Manoj Nair, Business Editor)