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Update 2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md

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Institutions/Hedge-Funds/Credit-Suisse/2021-06-30-Credit-Suisses-Top-Shareholder-Cuts-Stake-Amid-Turmoil.md
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**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 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. 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.