Conflicting reviews in excess of probable BlackRock takeover bid for Credit score Suisse

BlackRock headquarters in New York, US, on Friday, Jan. 13, 2023. through Getty Photographs

Michael Nagle | Bloomberg | Getty Illustrations or photos

There were being conflicting studies Saturday about a achievable takeover bid for Credit history Suisse by Blackrock.

The Fiscal Periods noted that the U.S. asset manager was placing with each other a system to acquire the embattled Swiss financial institution, citing individuals common with the predicament.

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This fund manager shorted Credit Suisse — and he's sticking with his bet

Nevertheless, Reuters cited a Blackrock spokesperson stating it had “no options or interest” to purchase Credit rating Suisse.

It follows an previously Money Times report that UBS is in talks to take more than all or portion of Credit score Suisse, following a challenging week for the lender which saw its stock value slide.

This is a establishing story and will be current soon.

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