Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.. US asset management giant BlackRock was also reported to be eyeing a move for the troubled bank, but the New York-based company strongly denied this to AFP.
"BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so," a spokesperson told AFP.
After a turbulent week on the stock market which forced the SNB to step in with a $53.7 billion lifeline, Credit Suisse was worth just over $8.7 billion on Friday evening.
Sat, Mar 18, 2023
3 mins read