Conflicting reports over possible BlackRock takeover bid for Credit Suisse

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 Credit Suisse by Blackrock.

The Financial Times reported that the U.S. asset manager was working on a bid to acquire the embattled Swiss lender, citing people familiar with the situation.

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However, Reuters quoted a Blackrock spokesperson saying it had “no plans or interest” to acquire Credit Suisse in response.

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.