Bankers Are Sick of Choosing Sides Between Qatar and Saudi Arabia - Bloomberg:
When Saudi Arabia cut ties with Qatar in mid-2017, many international bankers chose to chase a potential fee windfall in Riyadh over doing deals with its rich but isolated neighbor.
They’re not willing to pick sides anymore.
Executives from HSBC Holdings Plc, Goldman Sachs Group Inc. and other global banks are intensifying efforts to repair ties with Qatar’s finance ministry and sovereign wealth fund, according to interviews with people close to the lenders and Qatar’s government. While the kingdom remains key for business, some bankers regret diverting their attention from Doha after being blindsided when the Saudis delayed the sale of a stake in oil giant Aramco in July, they said.
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