BlackRock denies experiences that it is making ready a takeover bid for Credit score Suisse

BlackRock has denied experiences that it’s making ready a takeover bid for embattled Swiss lender Credit score Suisse.

“BlackRock isn’t collaborating in any plans to accumulate all or any a part of Credit score Suisse, and has no real interest in doing so,” an organization spokesperson advised CNBC Saturday morning.

It comes after the Monetary Occasions reported that the U.S. asset supervisor was engaged on a bid to accumulate the financial institution, citing folks conversant in the scenario.

UBS has additionally been mooted as a possible purchaser, with the FT reporting Friday that it’s in talks to take over all or a part of Credit score Suisse, after a troublesome week for the financial institution which noticed its inventory worth slide.

This can be a creating story and will probably be up to date shortly.