Credit Suisse Saudi National Bank chairman resigns The Swiss institute collapsed after Al Khudairy’s statements

Ammar Al Khudairy, the chairman of the Saudi National Bank, whose remarks recently helped plunge Credit Suisse shares, has resigned. He will be replaced by CEO Saeed Mohammed Al Ghamdi, according to Bloomberg reports. In an interview earlier this month, Al Khudairy said Saudi National Bank would not be open to further investment in Credit Suisse if there was another demand for additional liquidity.