diff --git a/Institutions/Hedge-Funds/Credit-Suisse/2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md b/Institutions/Hedge-Funds/Credit-Suisse/2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md index a49a652..6163e4b 100644 --- a/Institutions/Hedge-Funds/Credit-Suisse/2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md +++ b/Institutions/Hedge-Funds/Credit-Suisse/2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md @@ -6,6 +6,8 @@ --- +**Shoutout to [u/Baystreethooker](https://www.reddit.com/user/Baystreethooker/) for the article** + The Qatar Investment Authority cut its stake in Credit Suisse Group AG to below 5%, deepening the turmoil surrounding the firm after a pair of scandals this year left it the worst-performing major bank stock in Europe. The Gulf nation sovereign wealth fund has a holding of 4.8% in Credit Suisse, or about 128 million shares, according to a filing with the Securities and Exchange Commission on Wednesday. The QIA had previously held about 133 million shares, making it the Swiss bank's biggest shareholder, according to Bloomberg data.