US investment manager BlackRock said today it is not involved in plans to buy Credit Suisse, rejecting any interest in doing so in the future.
“BlackRock is not involved in plans to buy all or part of Credit Suisse, and has no intention of doing so,” the company said in a statement sent to newsrooms.
Credit Suisse became the first major bank globally to receive emergency public aid since the 2008 financial crisis.
The Financial Times (FT) reported today that BlackRock is preparing a bid to buy Credit Suisse following news that UBS is in talks this weekend to acquire the bank.
In an updated version of the online story, the FT said BlackRock had spoken to other potential investors and evaluated various options, including buying only some areas of the business.
This news comes a day after the FT also announced that UBS is in negotiations to purchase, in whole or in part, the capital of Credit Suisse and that negotiations will be taking place this weekend between the boards of directors of the two largest Swiss financial institutions.
These negotiations with UBS are being led by the Swiss National Bank and the Swiss financial market regulator, FINMA, according to sources quoted by the London newspaper.
One of the concerns of the authorities is to find a way out for Credit Suisse this weekend that will allow them to convince and reassure the markets before the opening on Monday and, in this way, avoid another dark week for those in category 30 of world banks. that are considered too big to fail.
On Thursday it was announced that Credit Suisse would receive a loan of up to 50 billion Swiss francs (50.7 billion euros) from the Swiss central bank to “strengthen” the institution’s accounts.
At the same time, the second largest Swiss bank announced a series of debt buyback operations worth some 3 billion Swiss francs (3.04 billion euros).
This help came a day after Credit Suisse faced its darkest session on the stock market, losing a quarter of its value, with its shares falling to a historically low level, below 2 Swiss francs (2.03 euros). .
This period of turbulence in the banking sector began earlier, with the collapse of Silicon Valley Bank (SVB) in the United States, after which there was a sharp fall on the stock market on Wednesday by Credit Suisse.
Source: Observadora
