The report, which came courtesy of Bloomberg News, was followed up with a telephone interview with BlackRock spokesperson Ryan O’Keeffe, who claimed that Hildebrand has not had any involvement in these discussions up until this point.

Hildebrand, who joined the New York-based BlackRock in 2012, previously served as the chairman of the governing board of the Swiss National Bank. He also served as a member of the Financial Stability Board during his time with the Swiss National Bank, being appointed vice chairman in 2011.

Initially believed to be preparing a counteroffer against UBS, BlackRock has confirmed that it will not look to acquire Credit Suisse. Instead, UBS remains the frontrunner, with Swiss officials eager to complete a deal in order to prevent the destabilization of the global financial system.

The post BlackRock Reportedly Intervenes In UBS, Credit Suisse Talks appeared first on theprimarymarket.com.

“State Street is not pursuing an acquisition of, or any other business combination with, Credit Suisse,” said the statement.

The news about a potential Credit Suisse takeover first surfaced on Inside Paradeplatz. The website claimed that State Street is ready to offer CHF9 ($9.05) per share at a premium of more than 30 percent. This would place the total value of CHF23 billion ($23.13 billion) on Credit Suisse.

Initially, both State Street and Credit Suisse denied making comments on the reports. In the aftermath, Credit Suisse stock has seen a rare spike of around 3.8 percent in Switzerland. On the other hand, State Street stock dipped around 5 percent in the United States.

Even though State Street is not pursuing a deal for Credit Suisse, that doesn’t mean some other suitor won’t come along soon. There seems to be an interest among shareholders in finding a new owner, although any potential deal would depend on the price.

“For the right buyer [or] price, we would be supportive,” said David Herro of Harris Associates; one of the top three shareholders in Credit Suisse.

The post State Street Denies Credit Suisse Takeover appeared first on theprimarymarket.com.

The report, which came courtesy of Bloomberg News, was followed up with a telephone interview with BlackRock spokesperson Ryan O’Keeffe, who claimed that Hildebrand has not had any involvement in these discussions up until this point.

Hildebrand, who joined the New York-based BlackRock in 2012, previously served as the chairman of the governing board of the Swiss National Bank. He also served as a member of the Financial Stability Board during his time with the Swiss National Bank, being appointed vice chairman in 2011.

Initially believed to be preparing a counteroffer against UBS, BlackRock has confirmed that it will not look to acquire Credit Suisse. Instead, UBS remains the frontrunner, with Swiss officials eager to complete a deal in order to prevent the destabilization of the global financial system.

The post BlackRock Reportedly Intervenes In UBS, Credit Suisse Talks appeared first on theprimarymarket.com.

“State Street is not pursuing an acquisition of, or any other business combination with, Credit Suisse,” said the statement.

The news about a potential Credit Suisse takeover first surfaced on Inside Paradeplatz. The website claimed that State Street is ready to offer CHF9 ($9.05) per share at a premium of more than 30 percent. This would place the total value of CHF23 billion ($23.13 billion) on Credit Suisse.

Initially, both State Street and Credit Suisse denied making comments on the reports. In the aftermath, Credit Suisse stock has seen a rare spike of around 3.8 percent in Switzerland. On the other hand, State Street stock dipped around 5 percent in the United States.

Even though State Street is not pursuing a deal for Credit Suisse, that doesn’t mean some other suitor won’t come along soon. There seems to be an interest among shareholders in finding a new owner, although any potential deal would depend on the price.

“For the right buyer [or] price, we would be supportive,” said David Herro of Harris Associates; one of the top three shareholders in Credit Suisse.

The post State Street Denies Credit Suisse Takeover appeared first on theprimarymarket.com.