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Saudi Bank Stocks Tumble As Bailout Fails To Stem Liquidity Stress

Saudi bank stocks' dead-cat-bounce - following the central bank's cash injection 'bailout - is dying once again as Bloomberg reports funding pressures remain in The Kingdom's financial system. The interest rate banks charge one another for loans rose by the most since August on Sunday, extending a trend that’s slowing earnings and corporate borrowing in the world’s biggest oil exporter.
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