BlackRock headquarters in New York, US, on Friday, January 13, 2023. via Getty Images
Michael Nagle | Bloomberg | Getty Images
BlackRock has denied reports that it is preparing a takeover bid for the embattled Swiss lender Credit Suisse.
“BlackRock is not involved in any plans to acquire all or any part of Credit Suisse and has no interest in doing so,” a company spokesperson told CNBC on Saturday morning.
It comes after The Financial Times reported about it that the US asset manager is working on a takeover bid for the bank, according to people familiar with the situation.
UBS was also considered as a potential buyer, p FT news It is set to take over all or part of Credit Suisse on Friday after a difficult week for the bank which has seen its share prices fall.
This is a developing story and will be updated soon.