BlackRock headquarters in New York, US, on Friday, Jan. 13, 2023. via Getty Images
Michael Nagle | Bloomberg | Getty Images
There were conflicting reports Saturday over a possible takeover bid for Swiss credit by Blackrock.
The Financial Times reported that the U.S. asset manager was putting together a plan to acquire the embattled Swiss lender, citing people familiar with the situation.
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However, Reuters cited a Blackrock spokesperson saying it had “no plans or interest” to acquire Credit Suisse.
It follows an earlier Financial Times report that UBS is in talks to take over all or part of Credit Suisse, after a tough week for the bank which saw its stock price slide.
This is a developing story and will be updated shortly.