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

1 minute read

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse

Register now for FREE unlimited access to

June 9 (Reuters) - State Street Corp (STT.N) is not seeking any acquisition or business combination with Swiss lender Credit Suisse Group AG (CSGN.S), 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. read more

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

Register now for FREE unlimited access to
Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni

Our Standards: The Thomson Reuters Trust Principles.