Financial and Banking News
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...