The Swiss bank Credit Suisse is being seen as a takeover candidate after revelations that one of its longest serving shareholders has deserted the bank.
The Financial Times this morning reports the Chicago based investment find, Harris Associates, has sold all its shares. It used to be one of the bank's leading cheerleaders.
The fund’s Chief Investment Officer, David Herro, told the paper that he believes the future of the bank is questionable and it could be taken over.
The bank’s main shareholders are now the Saudi National Bank with 10% and the Qatar Investment Authority with 7%.
People reject VAT rises for the things they vote for
We still love cash, but we're not using it
Switzerland falls in corruption index
Vaud police to be issued with tasers
Locals line up against snow cannons
Burglers could be responsible for 160 breakins
