BlackRock denies report it is preparing a takeover bid for Credit Suisse
- BlackRock has dismissed a report that it is preparing a takeover bid for troubled Swiss lender Credit Suisse.
- The Financial Times had said the US asset manager was working on a bid to buy the bank, citing people familiar with the situation.
- UBS has also been touted as a potential buyer, with the FT reporting on Friday that it is in talks to take over all or part of Credit Suisse.
BlackRock headquarters in New York, USA, Friday 13 January 2023. via Getty Images
Michael Nagle | Bloomberg | Getty Images
BlackRock has dismissed a report that it is preparing a takeover bid for troubled Swiss lender Credit Suisse.
“BlackRock is not participating in any plans to acquire all or part of Credit Suisse and has no interest in doing so,” a company spokesperson told CNBC on Saturday morning.
It comes after the Financial Times reported that the US asset manager was working on a bid to buy the bank, citing people familiar with the situation.
UBS has also been touted as a potential buyer, with the FT reporting on Friday that it is in talks to take over all or part of Credit Suisse, after a tough week for the bank that saw its share price plummet.
This is a developing story and will be updated soon.
