BlackRock has drawn up a rival bid for Credit Suisse that would trump a plan blessed by the Swiss central bank for UBS to acquire its struggling rival this weekend, four people with knowledge of the matter told the Financial Times.
The US investment giant has evaluated a number of options and talked to other potential investors, said people briefed about the matter. Among the options were bids for only portions of the business.
However, BlackRock on Saturday said it “is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so”.
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