Stock Groups

Credit Suisse CEO calls questions over State Street takeover ‘really stupid’ -Breaking

[ad_1]

© Reuters. FILE PHOTO – The logo of Swiss bank Credit Suisse can be seen in a branch office located in Bern, Switzerland on May 2, 2022. Picture taken May 2, 2022. REUTERS/Arnd Wiegmann

ZURICH, (Reuters) – Credit Suisse Chief Executive Thomas Gottstein raised questions about a potential offer to buy the U.S. financial institution. State Street (NYSE) “Really stupid” after shutting down queries following a media report about the matter, sending shares briefly spiking on the day before.

“We don’t respond to rumours. “And my father once gave to me the advice that you should not comment on stupid questions,” Gottstein told Gottstein, referring to a question at Goldman Sachs’ European Financials Conference.

“So, I think that I will take my dad’s counsel on this matter.”

[ad_2]