State Street said to eye Credit Suisse takeover bid, reports Inside Paradeplatz - Part 2

Thursday, 9 June 2022, 2:50 pm

The boss of Credit Suisse is pouring a large bucket of cold water on Inside Paradeplatz's tale about a sale to State Street, the US-listed custody giant.

And the powerful media organisations are eating up. Indeed, the Wall Street Journal is reporting that Thomas Gottstein effectively called the Inside Paradeplatz story "stupid" at a Goldman Sachs conference today. Below is a link to the story with the full quotes:

https://www.wsj.com/articles/credit-suisse-ceo-calls-takeover-talk-really-stupid-11654778069?reflink=e2twmkts ​​​​

Now, I can see why it's in a lot stakeholders' interest to play down yesterday's Inside Paradeplatz storybut Betaville doesn't necessarily think it's as "stupid" as being suggested...

Register

Register for free to see rest of this article and all public articles from Betaville

Login / Register

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

Login to join the conversation