The Qatar Investment Authority is once again stepping in to support a struggling European universal bank. This time the recipient would be Credit Suisse. Last time, back in 2008, it was Barclays.
We all remember how well that went. Qatari money saved Barclays from a UK state bailout, but embroiled the lender in lengthy misconduct investigations and associated legal ructions.
Unabashed, the gas-rich Gulf state now plans to increase its stake in the permacrisis that is Credit Suisse.
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