European stock futures rise as Credit Suisse gets lifeline, Saudi National Bank head says ‘everything is fine’
European stock futures rose early Thursday, a day after chaos swept across global markets due to a sharp fall in the shares of Credit Suisse (CS) (CH:CSGN) “If you look at what even the Swiss National Bank said yesterday with all the ratios, they’re all sound, everything is fine,..I don’t think they’ll need more capital,” Ammar Al Khudairy, chairman of Saudi National Bank, the top shareholder in the Swiss bank, told CNBC in an interview on Thursday. Late Wednesday, Credit Suisse said it would borrow up to $54 billion from the Swiss central bank, calling it “decisive action” to calm investors.