The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as “absolutely essential to … global finance.”
“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” a company spokesperson told CNBC.
JPMorgan’s Kian Abouhossein described a Credit Suisse takeover by UBS as “the more likely scenario.”