BlackRock has denied claims that it is interested in A deal to save Credit Suisse, based in Switzerland global investment bank.
BlackRock does not buy Credit Suisse
Recent reports have highlighted that BlackRock, a global investment company with over $10 trillion in assets Under management, was planning to acquire Credit Suisse, which is currently facing Liquidity crisis. but, in Via a tweet, BlackRock said it had no plan or interest in Get a defaulted lender.
previously onFinancial Times, citing five people Conscious of The order indicated that BlackRock was bidding for Credit Suisse and will compete with UBS AG.
He was also It was speculated that BlackRock was exploring several optionsincluding the involvement of other investors in Bid or buy smaller portions of Credit Suisse.
Blackrock has since denied anything of The above rumors.
Credit Suisse financial Health problems have arisen due to the recent macroeconomics problems. The bank’s stock is down about 25% since January and 70%. in the past 12 Months. Swiss authorities have been stepping up up support for the bank to avoid infection. On Wednesday, the Swiss National Bank, Switzerland Summit bankCredit Suisse is allowed to borrow over $53 billion, helping panicked investors calm down.
BlackRock warned Silicon Valley Bank
Other reports indicate that Blackrock warned Silicon Valley Bank (SVB) about its portfolio problems last year. In 2020, SVB hired Financial Markets Advisory Group (FMA) of BlackRock Portfolio Risk Analysis. FMA check how stock portfolios of SVB will respond to factors like He increases in interest rates and other macroeconomic conditions.
The report was released on January 2022, suggested a failure on SVB part regarding inability Own real time data on its portfolio of securities. Despite the criticism leveled at him, reports indicate that the SVB has not done a job follow-up.
middle running problem with In the banking industry and stock markets, rumors are emerging that BlackRock is exploring how blockchain tech Can help Stock market update.
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