/biz/ - Business & Finance

>>54146969
CREDIT SUISSE

What?

>The chairman of Saudi National Bank, which became Credit Suisse’s biggest shareholder late last year, said that the bank wouldn’t boost its share of the bank past the current level of just under 10%.

>“The answer is absolutely not, for many reasons outside the simplest reason, which is regulatory and statutory,” Ammar Al Khudairy said in an interview with Bloomberg TV on Wednesday. That was in response to a question on whether the bank was open to further injections if there was another call for additional funds.

Look I suppose that if you are the biggest shareholder of a somewhat beleaguered bank and someone asks you on television “would you throw more money into this bank,” and the actual answer is “no we can’t,” you should not say “yes.” Everything is securities fraud, etc. But … you should not … say “no”? You certainly should not say “absolutely not”? “We believe strongly in Credit Suisse, we are in close contact with management, and we ourselves have access to tons of cash”: Nothing in that sentence is a lie, it does not actually answer the question, and yet it sounds like it does? It sounds vaguely confidence-inspiring? I thought of that in three seconds? You could probaby do better if it was your money on the line?

>>53086356
>Not if you don't drill for it because ESG and government policies make it uneconomical to do so, you tremendous faggot
We have decades of oil capped off in the Midwest of the United States right now.
The problem is, no one wants to sell you oil for $50 a barrel, the price isn't considered sustainable.

And the people preaching "Anti ESG" over the media just happen to have the House of Saud as their #1 investor, strange coincidence? Could they have implicit interest in the world remaining chained to oil supply?
Think about it but don't hurt yourself.