BlackRock rules out that it will submit an offer to buy the Swiss entity Credit Suisse as reported by the ‘Financial Times’ newspaper of a possible interest. The US investment giant “is not participating in any plan to buy all or part of Credit Suisse and has no intention of doing so,” a spokesperson for the entity told Bloomberg.
The Financial Times reported that the US company is considering various options and working with other investors on a potential deal. This came after the Swiss company started talks about a possible combination with UBS Group AG.
The Zurich-based bank is facing an intense end to try to regain market confidence and is preparing to analyze the possible consequences in the event of an unavoidable fall. As the Financial Times has already announced, the boards of directors of the two main Swiss banks will meet separately this weekend to weigh the idea of a possible merger.
