/cloudfront-us-east-2.images.arcpublishing.com/reuters/46Q66C4OQFIZ3LNRYVS46DYE7Q.jpg "Breakingviews – Saudi Credit Suisse deal is fair Buffett imitation")
Bank crisis trades have ranged from the terrific to terrible. At the positive end is Warren Buffett’s 2008 deal with Goldman Sachs . At the other is Abu Dhabi Investment Authority’s 2007 investment in Citigroup , which ended up in . Saudi National Bank is continuing the tradition, ponying up about $1.4 billion for a 9.9% stake in troubled Credit Suisse . Its returns may be closer to Buffett’s than its Gulf peer’s.
Breakingviews – Saudi Credit Suisse deal is fair Buffett imitation
Bank crisis trades have ranged from the terrific to terrible. At the positive end is Warren Buffett’s 2008 deal with Goldman Sachs . At the other is Abu Dhabi Investment Authority’s 2007 investment in Citigroup , which ended up in . Saudi National Bank is continuing the tradition, ponying up about $1.4 billion for a 9.9% stake in troubled Credit Suisse . Its returns may be closer to Buffett’s than its Gulf peer’s.
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