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Qatar still hasn’t found gold in Credit Suisse

Qatar still hasn’t found gold in Credit Suisse

European banks should learn from the Qatar-Credit Suisse relationship that’s gone sour, says Una Galani.

October 12, 2011 2:01 by

…Swiss rival UBS. Against that backdrop, the Qataris may still feel that their investment was a smart one.


— Credit Suisse advised Qatar Holding on a financing proposal for European Goldfields. The move, made one week ago, is worth as much as $1 billion and is likely to make the Gulf sovereign fund the largest shareholder in the Canadian-listed mining firm.

The author, Una Galani, is a Reuters Breakingviews columnist. The opinions expressed are her own. (Editing by Pierre Briançon and David Evans)

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