News Formal

BlackRock says not participating in any Credit Suisse acquisition plan

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

‘BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,’ a spokesperson said

BlackRock said on Saturday it had no plans or interest in acquiring embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager told Reuters.

“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” the spokesperson said. The Financial Times reported earlier that BlackRock was working on a rival bid for Credit Suisse aiming to counter a plan for UBS AG to acquire the struggling bank.

The U.S. investment giant is evaluating a number of options and working with other investors, the report said citing people briefed about the matter. Reuters earlier reported that Credit Suisse was weighing up its survival options and was under pressure from regulators to pursue a deal with UBS.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks rebound, Credit Suisse shares surge after central bank lifeline - National | Globalnews.caStocks flipped to gains Thursday amid hopes for help for a bank at the center of Wall Street's hunt for what's next to crack in the struggling industry.
Source: GlobalNational - 🏆 81. / 51 Read more »