BlackRock said on Saturday it had no plans or interest in acquiring embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager told Reuters.
“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” the spokesperson said. The Financial Times reported earlier that BlackRock was working on a rival bid for Credit Suisse aiming to counter a plan for UBS AG to acquire the struggling bank.
The U.S. investment giant is evaluating a number of options and working with other investors, the report said citing people briefed about the matter. Reuters earlier reported that Credit Suisse was weighing up its survival options and was under pressure from regulators to pursue a deal with UBS.
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Credit Suisse thrown $54-billion lifeline in rush to ward off global bank crisisCredit Suisse is the first major global bank to be thrown an emergency lifeline since the 2008 financial crisis. Read more
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Credit Suisse to borrow up to US$54B from central bank - BNN BloombergCredit Suisse Group AG sought to arrest a collapse in investor confidence Thursday by opening a 50 billion Swiss franc (US$54 billion) credit line with the country’s central bank and offering to buy back debt, as executives and government officials plot the next steps for the troubled lender.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Credit Suisse shares soar after central bank offers lifelineCredit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs (US$54 billion) to bolster confidence in the country's second-biggest lender and blunt concerns about the international financial system following the collapse of two U.S. banks. Soar? It's up 2% More , like only because it was going insolvent by Friday did they bail its ass out . BANKS AND MARKETS WILL EVENTUALLY FALL! Keep em corrupt banks alive
Source: CTVNews - 🏆 1. / 99 Read more »
Credit Suisse shares soar after central bank offers lifelineCredit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs to bolster confidence. Great timing for those in the know.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Global stocks rebound, Credit Suisse shares surge after central bank lifeline - National | Globalnews.caStocks flipped to gains Thursday amid hopes for help for a bank at the center of Wall Street's hunt for what's next to crack in the struggling industry.
Source: GlobalNational - 🏆 81. / 51 Read more »
What led to Credit Suisse’s share slump as fears rise about a global banking crisis?A string of scandals over many years, top management changes, multi-billion dollar losses and an uninspiring strategy can be blamed for the mess Credit Suisse now finds itself in Debt swaps .. Ya know more and more corruption .. This isn't going to hold much longer when world banks will collaspe .. Train wreck dead ahead . SVB acted like a hedge fund - which do not have to meet payrolls on a daily basis.
Source: globeandmail - 🏆 5. / 92 Read more »