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.

connected investing news

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.

Resource

World

EU chief to meet Trump in Scotland in push to avoid a transatlantic trade war

July 26, 2025

Ursula von der Leyen (CDU), President of the European Commission, stands in the European Parliament building and speaks. Picture Alliance | Picture Alliance | Getty Images European Commission President Ursula von der Leyen will meet with U.S. President Donald Trump in Scotland over the weekend, seeking to reach a framework trade agreement shortly before a […]

World

Luxury shopper recovery faces four key headwinds

July 26, 2025

The 19-story façade of the Louis Vuitton luxury store stands wrapped in a design reminiscent of their monogrammed trunks in Manhattan, New York City. Spencer Platt | Getty Images News | Getty Images High-end spenders are painting a mixed picture when it comes to the luxury market’s long-awaited recovery, with softer sales still weighing on […]

World

Musk’s Grok AI is now on the Kalshi, Polymarket betting apps. What could go wrong?

July 25, 2025

Nurphoto | Nurphoto | Getty Images Elon Musk is now a driving force in prediction markets. Musk’s xAI on Thursday announced a partnership to integrate its artificial intelligence chatbot Grok with Kalshi’s prediction markets service. In June, xAI announced a similar deal with Polymarket, a Kalshi rival. Kalshi, the company that turned heads with a made-with-AI […]