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Credit Suisse Flirts With 30-Year Low as State Street Denies Talks

  • State Street Denial pushes stock down as much as 6.3% Friday
  • The Swiss lender lost half its market value since March 2021
Credit Suisse shares fell close to the lowest level since data going back to 1989.

Credit Suisse shares fell close to the lowest level since data going back to 1989.

Photographer: Stefan Wermuth/Bloomberg

Credit Suisse Group AG shares hovered near the lowest in at least three decades after State Street Corp. denied that it is interested in taking over the Swiss lender.

Shares fell as much as 6.3% to 6.18 Swiss francs, hovering close to the lowest level since data going back to 1989. State Street, which had earlier declined to comment on the merger, later changed tack to say that it’s not pursuing any acquisition or business combination with Credit Suisse.