BlackRock headquarters in New York, U.S. on Friday, Jan. 13, 2023. via Getty Images

Michael Nagle | Bloomberg | Getty Images

There were conflicting reports on Saturday about a possible takeover bid for Swiss credit by black rock.

THE The Financial Times reported that the US asset manager was working on a bid to acquire the struggling Swiss lender, citing people familiar with the situation.

However, Reuters quoted a Blackrock spokesperson saying he had “no plans or interest” to acquire Credit Suisse in response.

It follows a previous Financial Times report This UBS is in talks to take over all or part of Credit Suisse, after a difficult week for the bank which saw its share price fall.

This is a developing story and will be updated shortly.

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