VOL. XXXII

NO. 2

17-OCTOBER-1988

Financial and Banking News

INVESTMENT ACTIVITIES

Olayan Finances CSFB Merger

The prominent Saudi Arabian entrepreneur Sulaiman Olayan has provided $600mnin bridging finance for the newly-formed merger between Credit Suisse-FirstBoston (of London) and First Boston Inc. (of the US) which was announced on 9October. The new firm, known as CS First Boston, will be 44.5% owned by CreditSuisse of Zurich via its associate company CS Holding. 25% will be held by the...