Saudi National Bank Chair Resigns After Credit Suisse Remark
- Al Khudairy had ruled out fresh investments in Swiss lender
- SNB’s Credit Suisse investment plummeted by about $1 billion
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Ammar Al Khudairy, the chairman of Credit Suisse Group AG’s largest shareholder, has resigned just days after his comments helped trigger a slump in the stock and bonds that prompted the Swiss government to step in and arrange its takeover.