Saudi Arabia’s crown prince could turn to Credit Suisse next:
"For those who had not been paying attention to the rise of Saudi Arabia’s Crown Prince Mohammed bin Salman, his recent dramatic detention of fellow princes and other senior figures over corruption allegations came out of the blue.
But amid some pretty tough competition for the world’s attention — a quasi-coup in Zimbabwe, more Brexit tumult — he has kept up the momentum ever since. On Thursday it emerged that the Saudi authorities were seeking vast sums — up to $300bn — in exchange for dropping charges relating to the alleged $100bn corruption racket.
It is against that background that two people close to the situation confirm the existence of deepening but secret talks between the Saudi government and the Swiss banking sector. Precise information about the whys and wherefores is scant. But there are several plausible reasons for the contact."
'via Blog this'
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