Credit Suisse CEO dismisses talk of takeover.
BANKING AND CREDIT NEWS-June 10, 2022--Credit Suisse CEO dismisses talk of takeover
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Global Banking News - 10 June 2022
The Credit Suisse (NYSE: CS) CEO has dismissed suggestions that the bank could be taken over by State Street Corp (NYSE: STT).
Chief executive Thomas Gottstein said a report that the bank could be taken over by State Street Corp was 'really stupid.' The CEO added that the bank has the capability to repair itself. Credit Suisse has been facing a string of scandals and financial losses and the bank is eager to project a credible strategy to recover from the mire that it finds itself in. A day ago, it had warned about the possibility of a third, consecutive, quarterly loss because of a sharp fall in investment-banking deals.
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