LONDON, March 18 (Reuters) – BlackRock (BLK.N) mentioned on Saturday it had no plans or curiosity to accumulate embattled Swiss lender Credit score Suisse (CSGN.S), a spokesperson for the U.S. asset supervisor mentioned.
“BlackRock will not be taking part in any plans to accumulate all or any a part of Credit score Suisse, and has little interest in doing so,” the spokesperson informed Reuters.
The Monetary Occasions reported earlierthat BlackRock was engaged on a rival bid for Credit score Suisse aiming to upstage a plan for UBS (UBSG.S) to accumulate the struggling financial institution. The U.S. funding large is evaluating quite a lot of choices and dealing with different traders, the FT added.
Reporting by Elisa Martinuzzi, writing by Karin Strohecker
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