- BlackRock has denied a report that it is preparing a takeover bid for embattled Swiss lender Credit Suisse.
- The Financial Times said the US asset manager was working on a takeover bid for the bank, citing people familiar with the situation.
- UBS has also been targeted as a potential buyer, with the FT reporting on Friday that it is in talks to acquire all or part of Credit Suisse.
BlackRock headquarters in New York, US, on Friday, Jan. 13, 2023. via Getty Images
Michael Nagle | Bloomberg | Getty Images
BlackRock has denied a report that it is preparing a takeover bid for embattled Swiss lender Credit Suisse.
“BlackRock is not engaged in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” a company spokesperson told CNBC on Saturday morning.
This comes after the Financial Times reported that the US asset manager is working on a bid to acquire the bank, citing people familiar with the situation.
UBS has also been mooted as a potential buyer, with the FT reporting on Friday that it is in talks to acquire all or part of Credit Suisse, after a difficult week for the bank that saw its stock price slide.
This is a developing story and will be updated soon.
