- 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 acquire the bank, citing people familiar with the situation.
- UBS has also been suggested as a potential buyer and the FT reported on Friday that it is in talks to take over all or part of Credit Suisse.
BlackRock headquarters in New York, United States, Friday, January 13, 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 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 take over all or part of Credit Suisse, after a tough week for the bank which saw its share price fall.
This is a developing story and will be updated soon.