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State Street denies report of deal with Credit Suisse - Bloomberg News

Published 09/06/2022, 19:02
Updated 09/06/2022, 19:25
© Reuters. FILE PHOTO: A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse
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(Reuters) - State Street Corp (NYSE:STT) is not seeking any acquisition or business combination with Swiss lender Credit Suisse (SIX:CSGN) Group AG, Bloomberg News reported on Thursday, citing an emailed company statement.

State Street did not immediately respond to a Reuters request for comment.

Credit Suisse Chief Executive Thomas Gottstein earlier in the day called queries over a potential takeover offer "really stupid", shutting down questions after a report by Inside Paradeplatz on the matter sent shares briefly higher on Wednesday.

Financial news blog Inside Paradeplatz had reported State Street would bid 9 Swiss francs a share for Credit Suisse, citing an unidentified source.

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