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State Street rules out bid for Credit Suisse after takeover rumours
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State Street has denied that it is set to bid for troubled Swiss lender Credit Suisse after rumours of an acquisition sparked swings in both banks' share prices.
On 8 June, the US custody bank had initially declined to comment on a report on a Swiss blog that it was set to make an offer for Credit Suisse at a price of CHF9 a share.
However,...
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