saudi national banks plan to increase its stake in ubs groups ubs credit suisse reportedly saw a red flag from swiss regulator finma saudi national bank already the largest credit suisse shareholder intended to raise interest to 40 from 988 as per reuters as per the regulation a foreign investor willing to have an interest of over 10 in a major swiss bank needs approval from finma the approval from finma would have led to saudi national bank injecting 5 billion into credit suisse as per the report the reason for the rejection is not apparent last month ubs closed the acquisition of credit suisse also read ubs hopes to avoid 10b credit suisse backstop plans to recruit wealth managers price action ubs shares are trading higher by 045 at 1994 premarket on the last check monday