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☆ Sept. 11 Trial Plea Negotiations Still Underway at Guantánamo Bay
▼ + stars: | 2024-05-01 | by ( Carol Rosenberg | More About Carol Rosenberg | ) www.nytimes.com time to read: +1 min

Prosecutors and defense lawyers are still negotiating toward a plea agreement for the men accused of plotting the Sept. 11, 2001, attacks despite the Biden administration’s refusal to endorse certain proposed conditions, the lead prosecutor said in court on Wednesday at Guantánamo Bay. “This is all whirling around us,” said Clayton G. Trivett Jr., the prosecutor, discussing key details of the negotiations in open court for the first time. He added that “around the edges we have agreed to do things” and that “the positions that we took at the time are still available.”In mostly secret negotiations in 2022 and 2003, prosecutors offered to drop the death penalty from the case in exchange for detailed admissions by the accused architect, Khalid Shaikh Mohammed, and four other men who are charged as his accomplices in the hijackings that killed nearly 3,000 people. Since then, one of the five men has been ruled not mentally competent to stand trial. The occasion of the briefing was a legal filing by lawyers for Ammar al-Baluchi, one of the defendants and Mr. Mohammed’s nephew, asking the judge to dismiss the case or at least the possibility of a death penalty because of real or apparent political interference by Senator Ted Cruz, Republican of Texas, and other members of Congress last summer.

Persons: Biden, ”, Clayton G, Trivett Jr, Khalid Shaikh Mohammed, Ammar al, Mohammed’s, Ted Cruz Organizations: Republican Locations: Guantánamo, Texas

☆ Agnico Eagle CEO on the gold mining industry
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAgnico Eagle CEO on the gold mining industryAmmar Al-Joundi, Agnico Eagle CEO, joins 'The Exchange' to discuss current demand for metals, how Agnico Eagle operates its business, and more.

Persons: Ammar Al Organizations: Agnico, Eagle

☆ Houthis could cut undersea global internet cables, minister warns
▼ + stars: | 2024-02-05 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

An analyst has warned that the Houthis' next target could be undersea internet cables. That analysis warned of the potential shift in the Houthi's strategy in the Red Sea. Such a move would see the Houthis' strategy shift from targeting shipping — itself deeply disruptive to the global economy — to the global flow of information. In the analysis published last week, analyst Emily Milliken at the DC-based Askari Defense & Intelligence described undersea cables as the Houthi's "next casualty." Advertisement"Even partial damage to the undersea cables could eliminate internet access across vast areas, causing major economic disruptions for entire countries," she wrote.

Persons: —, Moammar, Emily Milliken, Milliken, Yemen's, Jake Epstein, group's Organizations: UN, Service, Gulf International, Askari Defense & Intelligence, Telegram, General Telecommunications Corporation, Guardian, Yemen Telecom, of Telecommunications, Information Technology, US Central Command Locations: Aden, Gulf, Red, Yemen, Gaza

☆ Palestinian Rights Groups Snub ICC Prosecutor
▼ + stars: | 2023-12-02 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +2 min

RAMALLAH (Reuters) - Palestinian human rights groups refused to meet the International Criminal Court prosecutor Karim Khan on Saturday, accusing him of favouring Israeli accusations of rights abuses over longstanding Palestinian charges. However Palestinian activists said they would refuse to see him because of their objections to what they saw as unequal treatment of Israeli and Palestinian cases. "As Palestinian human rights organizations, we decided not to meet him," said Ammar Al-Dwaik, director general of the Independent Commission for Human Rights (ICHR). He was scheduled to meet lawyers for the families' group as well as members of the families themselves. The official Palestinian news agency WAFA said Abbas had urged Karim to investigate Israeli operations in Gaza as well as the occupied West Bank.

Persons: Karim Khan, Khan, Ammar Al, Mr Khan, Mahmoud Abbas, WAFA, Abbas, Karim, Ali Sawafta, James Mackenzie, Giles Elgood Organizations: Criminal, West Bank, Independent Commission, Human Rights Locations: RAMALLAH, Israel, Ramallah, Gaza

☆ Palestinian rights groups snub ICC prosecutor
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO: International Criminal Court Prosecutor Karim Khan speaks during an interview with Reuters about the violence in Israel and the occupied Palestinian territories in The Hague, Netherlands, October 12, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsRAMALLAH, Dec 2 (Reuters) - Palestinian human rights groups refused to meet the International Criminal Court prosecutor Karim Khan on Saturday, accusing him of favouring Israeli accusations of rights abuses over longstanding Palestinian charges. However Palestinian activists said they would refuse to see him because of their objections to what they saw as unequal treatment of Israeli and Palestinian cases. "As Palestinian human rights organizations, we decided not to meet him," said Ammar Al-Dwaik, director general of the Independent Commission for Human Rights (ICHR). The official Palestinian news agency WAFA said Abbas had urged Karim to investigate Israeli operations in Gaza as well as the occupied West Bank.

Persons: Karim Khan, de, Khan, Ammar Al, Mr Khan, Mahmoud Abbas, WAFA, Abbas, Karim, Ali Sawafta, James Mackenzie, Giles Elgood Organizations: Reuters, REUTERS, Criminal, West Bank, Independent Commission, Human Rights, Thomson Locations: Israel, The Hague, Netherlands, RAMALLAH, Ramallah, Gaza

☆ UN cites 'alarming' rise in Israeli army operations in West Bank
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

A Palestinian woman checks the damage after an Israeli raid, in Jenin refugee camp in the Israeli-occupied West Bank. REUTERS/Raneen Sawafta Acquire Licensing RightsGENEVA, Nov 3 (Reuters) - The United Nations rights office on Friday described "alarming" conditions in the occupied West Bank, saying Israeli forces were increasingly using military tactics and weapons in law enforcement operations there. The Israeli military has reported a sharp increase in operations against militants in the West Bank since the Oct. 7 attack, making some 1,260 arrests, of whom it said some 760 were affiliated with Hamas. While Hamas and the smaller Iranian-backed Islamic Jihad militant group are mainly based in Gaza, over recent years they have also expanded their presence across the West Bank, notably in volatile cities including Jenin and Nablus. "We have documented that in many of these incidents, settlers were accompanied by members of the Israeli forces, or the settlers were wearing uniforms and carrying army rifles," she said.

Persons: Raneen, Liz Throssell, Throssell, Ammar Al, Gabrielle Tétrault, Farber, Emma Farge, Rachel More, Mark Heinrich Our Organizations: West Bank, REUTERS, Rights, United, Human Rights, Hamas, Jihad, Independent Commission of Human, Thomson Locations: Jenin, United Nations, Israel, Gaza, East Jerusalem, Nablus, Palestine, Ramallah, Geneva, videolink

☆ Saudi Chairman of Credit Suisse’s Largest Investor Resigns
▼ + stars: | 2023-03-27 | by ( Summer Said | Dave Sebastian | ) www.wsj.com time to read: 1 min

DUBAI—The chairman of Credit Suisse Group AG’s largest shareholder has resigned less than two weeks after his comments set off a panic with the European lender’s shareholders that eventually led the Swiss government to engineer a takeover by rival UBS Group AG. Ammar al-Khudairy, the chairman of Saudi National Bank, is leaving for personal reasons and will be succeeded by Chief Executive Saeed Mohammed al-Ghamdi , the bank said on Monday. It didn’t say whether the resignation was tied to Mr. Khudairy’s comments on SNB’s investment in Credit Suisse.

☆ Credit Suisse investor’s exit will zip some lips
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 27 (Reuters Breakingviews) - The fate of Saudi National Bank’s (1180.SE) chairman may persuade other investors to maintain radio silence for a while. Asked by a television interviewer whether Saudi National Bank would invest more money into Credit Suisse, Al Khudairy replied “absolutely not”. Although SNB lost more than $1 billion on its Credit Suisse investment, Gulf investors are unlikely to stop investing in banks globally. Indeed, the Saudi bank was part of an investor group that proposed injecting around $5 billion into Credit Suisse as an alternative to the UBS deal, the Wall Street Journal reported. But big bank investors may avoid appearing on live television for a while.

☆ Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
▼ + stars: | 2023-03-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

The Saudi National Bank (SNB) headquarters beyond the King Abdullah Financial District Conference Center in the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, Dec. 6, 2022. Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of troubled bank Credit Suisse . Al-Khudairy is stepping down "due to personal reasons," the bank said. The then-SNB chairman said the Saudi bank would not intercede "for many reasons outside the simplest reason, which is regulatory and statutory." The comments fueled investor panic, sinking Credit Suisse shares 24% during that session, despite effectively reiterating SNB's previous position that it did not intend to expand its holdings beyond its then 9.9% interest as Credit Suisse's largest shareholder.

☆ Saudi National Bank chair resigns after Credit Suisse comments
▼ + stars: | 2023-03-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

Ammar Al Khudairy had resigned “due to personal reasons” and would be replaced by CEO Saeed Mohammad Al Ghamdi, Saudi National Bank said in a statement Monday. During an interview with Bloomberg TV on March 15, Al Khudairy ruled out increasing the bank’s stake in Credit Suisse. That was in response to a question on whether Saudi National Bank was open to further equity injections into Credit Suisse if there was a call for additional funds. Saudi National Bank, which is 37%-owned by Saudi Arabia’s sovereign wealth fund, acquired a 9.9% stake in Credit Suisse in October for $1.5 billion, making it an anchor investor in the bank’s turnaround plan. Had the bank increased its shareholding in Credit Suisse beyond the 9.9% level, it would have been subjected to additional regulatory obligations.

☆ Saudi National Bank chairman resigns after Credit Suisse debacle
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi National Bank chairman resigns after Credit Suisse debacleCNBC's Hadley Gamble reports on the resignation of Ammar Al Khudairy, chairman of Credit Suisse's largest shareholder Saudi National Bank.

[1/2] The logo of the Swiss bank Credit Suisse is seen in Zurich, Switzerland March 20, 2023. While the nation's central bank and financial regulator publicly declared that Credit Suisse was sound, behind closed doors the race was on to rescue the nation's second-biggest bank. The Swiss National Bank declined to comment while the finance ministry did not respond to a request for comment. Battered by years of scandals and losses, Credit Suisse for months had been battling a crisis of confidence of its own making. By Wednesday, two days later, Credit Suisse was swept up in a full-blown crisis.

☆ Saudi is far from the last Western bank bagholder
▼ + stars: | 2023-03-21 | by ( George Hay | ) www.reuters.com time to read: +5 min

LONDON, March 21 (Reuters Breakingviews) - Saudi Arabia has joined the Western bank bagholder club. The bank only made its play in November, when client money was already flowing out of Credit Suisse. Saudi National Bank bought 307.6 million Credit Suisse shares for 3.82 Swiss francs ($4.11) per share. The UBS offer of 3 billion Swiss francs ($3.23 billion) values Credit Suisse shares at 0.76 francs each, more than 80% lower than the price paid by the Saudi bank. Saudi National Bank's statement added that the potential impact to its capital adequacy ratio is about 35 basis points, with no impact on profitability.

☆ On the precipice: How Credit Suisse's day of drama unfolded
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +5 min

Fifteen years later, Credit Suisse Group AG found itself on a similar precipice. By the time traders in New York were switching on screens on Wednesday, Credit Suisse had lost more than a fifth of its value. Credit Suisse did not comment for this story but noted recent interviews given by its CEO saying the bank was strong. STILL SMOLDERINGMarkets seemed to calm, but the fresh drama around Credit Suisse jogged memories that the financial system was not out of the woods yet. "We welcome the statement of support," Credit Suisse said.

☆ Panic over Credit Suisse is 'unwarranted,' Saudi National Bank chairman says
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPanic over Credit Suisse is 'unwarranted,' Saudi National Bank chairman saysAmmar Al Khudairy, chairman of Credit Suisse's largest shareholder Saudi National Bank, discusses the fragility and panic of the "entire market."

☆ European markets set to rally after Swiss central bank steps in to help Credit Suisse
▼ + stars: | 2023-03-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

The chairman of Credit Suisse's largest shareholder, Saudi National Bank, told CNBC's Hadley Gamble that the recent market turmoil in the banking sector is "isolated" and stems from "a little bit of panic." He added that Credit Suisse has not asked Saudi National Bank for financial assistance. "There has been no discussions with Credit Suisse about providing assistance," he said. "I don't know where the word 'assistance' came from, there has been no discussions whatsoever since October," he said. His comments come after Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank to shore up liquidity and investor confidence after its stock plunged Wednesday.

☆ Saudi National Bank says panic over Credit Suisse is 'unwarranted'
▼ + stars: | 2023-03-16 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Credit Suisse 's largest shareholder Saudi National Bank said the market turmoil in shares of the Swiss lender was "unwarranted." "If you look at how the entire banking sector has dropped, unfortunately, a lot of people were just looking for excuses," Saudi National Bank chairman Ammar Al Khudairy told CNBC's Hadley Gamble on Thursday. I believe completely unwarranted, whether it be for Credit Suisse or for the entire market," he said on CNBC's "Capital Connection." His comments come hours after Credit Suisse announced that it is taking "decisive action" to borrow up to 50 billion Swiss francs ($53.68 billion). The lender's shares plunged Wednesday after a report that the Saudi bank said it could not provide Credit Suisse with any further financial assistance.

☆ 'Everything is fine' at Credit Suisse - it's just a bit of panic, says its biggest backer Saudi National Bank
▼ + stars: | 2023-03-16 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +3 min

'Everything is fine' at Credit Suisse, according to Saudi National Bank chairman Ammar Al Khudairy. Saudi National Bank insisted that raising its stake above 10% is a red line for regulatory reasons. "It's panic, a little bit of panic, I believe completely unwarranted, whether it be for Credit Suisse or for the entire market." But Al Khudairy has insisted that raising Saudi National Bank's stake above 10% is a red line primarily because of regulatory reasons. There has been no discussions whatsoever since October about Credit Suisse needing more capital or requiring assistance," Al Khudairy said.

☆ Saudi National Bank chairman: There has been no discussion on providing assistance to Credit Suisse
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi National Bank chairman: There has been no discussion on providing assistance to Credit SuisseAmmar Al Khudairy, chairman of Saudi National Bank, says its message hasn't changed since October.

☆ Credit Suisse shares down by a quarter, key backer says no more money
▼ + stars: | 2023-03-15 | by ( Noele Illien | ) www.reuters.com time to read: +3 min

Saudi National Bank (SNB) (1180.SE), which holds 9.88% of Credit Suisse, said it would not buy more shares in the Swiss bank on regulatory grounds. The Swiss bank's shares were down about 24% early afternoon on Wednesday, after hitting a new record low. Koerner had said earlier in the week Credit Suisse's liquidity coverage ratio averaged 150% in the first quarter of this year. The Swiss National Bank declined to comment on Credit Suisse's stock move. Five-year credit default swaps on Credit Suisse debt widened to 574 basis points from 549 bps at last close, based on data from S&P Global Market Intelligence, marking a new record high.

☆ Credit Suisse sheds nearly 25%, key backer says no more money
▼ + stars: | 2023-03-15 | by ( Noele Illien | ) www.reuters.com time to read: +2 min

It’s a regulatory issue," Saudi National Bank (1180.SE) chairman Ammar Al Khudairy said on Wednesday. The Saudi lender acquired a stake of almost 10% last year after taking part in Credit Suisse's capital raising and committed to investing up to 1.5 billion Swiss francs ($1.5 billion). Credit Suisse on Tuesday published its annual report for 2022 saying the bank had identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows. Five-year credit default swaps on Credit Suisse debt widened to 574 basis points from 549 bps at last close, according to data from S&P Global Market Intelligence, marking a new record high. Earlier this week, Credit Suisse CEO Ulrich Koerner told a conference that the bank's liquidity coverage ratio averaged 150% in the first quarter of this year - well above regulatory requirements.

☆ Instant View: Banking stocks tank again as Credit Suisse woes rock market
▼ + stars: | 2023-03-15 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

FILE PHOTO: A Credit Suisse logo is pictured on a the roof of a branch in Geneva, Switzerland, November 3, 2022. European banks shares slid over 6%, European stocks were down more 3% and U.S. stock futures pointed to a weak start for Wall Street shares. MARKET REACTION:STOCKS: Credit Suisse share trading was halted after heavy losses, last down over 20%, ING Group, ABN AMRO were4 down over 6%. “But in general, the balance sheet is in a much better position, with the European banks all highly regulated. So, it is important that the European regulator make clear that the underlying systemic risk, not only for deposits, but in the overall European banking market, is rather low.”

☆ Credit Suisse hits record low, biggest backer says can't put up more money
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

ZURICH, March 15 (Reuters) - Credit Suisse (CSGN.S) shares slid on Wednesday, dropping by as much as 10.5% to a new record low, as its largest investor said it could not provide the Swiss bank with more financial assistance. Credit Suisse on Tuesday published its annual report for 2022 saying the bank had identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows. Customer outflows in the fourth quarter rose to more than 110 billion Swiss francs ($120 billion). The shares were last down 10.2% at 2.01 Swiss francs ($2.19) in Zurich, heading for a seventh straight daily decline. Five-year credit default swaps on Credit Suisse debt widened to 533 basis points from 549 bps at last close, according to data from S&P Global Market Intelligence.

☆ Credit Suisse's Saudi backer happy with transformation plan, doesn't think extra money needed
▼ + stars: | 2023-03-15 | by ( Rachna Uppal | ) www.reuters.com time to read: +1 min

RIYADH, March 15 (Reuters) - Credit Suisse Group's Saudi backer is happy with the transformation plan and doesn't think the Swiss lender will need extra money. "We are happy with the plan, the transformation plan that they have put forward. It is a very strong bank," Al Khudairy said on in an interview with Reuters. And they operate under a strong regulatory regime in Switzerland and in other countries," Al Khudairy said on the sidelines of a conference in Riyadh. SNB's investment objective is not dependent on time, and the Saudi bank will exit when proper value to the shares is acquired, he added.

☆ Switzerland's central bank says it will provide liquidity to Credit Suisse if deemed necessary for the embattled lender
▼ + stars: | 2023-03-15 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Credit Suisse will receive liquidity if needed, a Swiss regulator and the country's central bank said late Wednesday. Credit Suisse "meets the capital and liquidity requirements imposed on systemically important banks," the authorities said. Credit Suisse shares crashed on Wednesday after its largest shareholder said no more financial backing will be granted. Credit Suisse meets the country's "strict" capital and liquidity requirements imposed on systemically important banks, the Swiss Financial Market Supervisory Authority, or FINMA, and the Swiss National Bank said in a joint statement. Credit Suisse in its annual report had identified "material weaknesses" in its financial reporting.

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