“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.”
Credit Suisse shares rose over 30% at the market open after the bank said that it will borrow up to $54 billion from the Swiss National Bank.
These are the stocks posting the largest moves in after hours trading.
The SNB said Wednesday that Credit Suisse is currently well capitalized but that the central bank will provide additional liquidity if necessary.
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