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State Street: 'There is no basis to the continuing market rumours'

Investment Banking Editor

State Street denies that it is set to bid for troubled Swiss lender Credit Suisse after a report of an acquisition sparked swings in both companies' share prices.

On 8 June, the US market maker had initially declined to comment on a report on a Swiss blog that it was set to make an offer for Credit Suisse at a price of CHF9 a share.

State Street rules out bid for Credit Suisse after report of takeover offer

State Street rules out bid for Credit Suisse after takeover rumours

Paul Clarke

Credit Suisse

State Street

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