Betaville

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

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...