investment bank

BlackRock says not participating in any plans to acquire Credit Suisse

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BlackRock says not participating in any plans to acquire Credit Suisse

LONDON, – BlackRock said on Saturday it had no plans or interest to acquire embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager said. “BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” the spokesperson told Reuters. The … Read more

Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO

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Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO

Credit Suisse Group AG’s Chief Executive Officer Ulrich Koerner said the bank is at a “critical moment” as it prepares for its latest overhaul, while stressing the bank’s strength. In the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the “day-to-day” stock price performance with the … Read more