Saudi National Bank chair resigns just days right after Credit score Suisse remarks sparked promote-off

Crucial Points

Saudi National Bank Chairman Ammar al-Khudairy has resigned his submit.
He will be changed by SNB Handling Director and team CEO Mohammed al-Ghamdi.
Al-Khudairy’s resignation comes within just days of his mid-March responses that SNB was not likely to enhance its stake in Credit rating Suisse, at a time when the European financial institution battled a crisis of investor self confidence that plunged its shares.

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Finance

Stocks making the biggest moves before the bell: UnitedHealth, Rigetti Computing, Coinbase, Hertz and more

May 13, 2025

Check out the companies making headlines in premarket trading. UnitedHealth — Shares dropped 7% in the premarket Tuesday after the company announced it was suspending its 2025 outlook due to higher-than-expected medical expenditures. UnitedHealth also announced CEO Andrew Witty was stepping down, effective immediately, for personal reasons. Stephen Hemsley will replace Witty as chief executive. […]

Finance

Fintechs that raked in profits from high interest rates now face a key test

May 13, 2025

Key Points In 2024, several fintechs — including Robinhood, Revolut and Monzo — saw a boost to their bottom lines from higher interest rates. Now, they face a key test as a broad decline in interest rates raises doubts about the sustainability of relying on this heightened income over the long term. Lindsey Naylor, partner […]

Coinbase joining S&P 500 days after bitcoin soared past 0,000

Finance

Coinbase joining S&P 500 days after bitcoin soared past $100,000

May 12, 2025

Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source