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State Street Falls After Staying Mum on Credit Suisse Report

  • Swiss blog says State Street could make an offer for bank
  • State Street says it’s focusing on Brown Brothers purchase
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State Street Offers No Comment on Credit Suisse ReportSource: Bloomberg
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State Street Corp. fell the most in almost two months after declining to comment on a report it’s looking to acquire Credit Suisse Group AG.

“We are not going to respond to an earlier news report,” State Street said in an email Wednesday. “As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business.”