Financial Times: BlackRock Considers Taking Over Credit Suisse
US asset manager BlackRock, one of Credit Suisse’s largest shareholders, is considering a bid for the beleaguered Swiss bank.
This is reported by the British business newspaper Financial Times based on insiders, who indicate that BlackRock wants to prevent a takeover by the Swiss bank UBS.
Earlier, the same newspaper reported that UBS is in talks with Credit Suisse about a full or partial takeover.
There has been great unrest in the stock markets around Credit Suisse after the collapse of several regional banks in the United States. The Swiss central bank has already pledged billions in support to Credit Suisse.