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Post by sevenofnine on Mar 18, 2023 11:39:08 GMT -5
They deny a brit FT report story BlackRock denies report that it’s preparing a takeover bid for Credit Suisse BlackRock has denied a report that it is preparing a takeover bid for embattled Swiss lender Credit Suisse . “BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” a company spokesperson told CNBC Saturday morning. It comes after the Financial Times reported that the U.S. asset manager was working on a bid to acquire the bank, citing people familiar with the situation. UBS has also been suggested as a potential buyer, with the FT reporting Friday that it is in talks to take over all or part of Credit Suisse. UBS hasn’t commented on the report. Credit Suisse’s future looks to be hanging in the balance after a multibillion-dollar lifeline offered by the Swiss central bank last week failed to calm investors. Credit Suisse’s shares registered their worst weekly decline since the onset of the coronavirus pandemic last week, and are down almost 35% over the month to date. www.cnbc.com/2023/03/18/blackrock-is-working-on-a-rival-takeover-bid-for-credit-suisse-financial-times-reports.html
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