Credit Suisse CEO calls questions over State Street takeover ‘really stupid’
2022.06.09 13:31
FILE PHOTO: Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. Picture taken May 2, 2022. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – Credit Suisse Chief Executive Thomas Gottstein on Thursday called queries over a potential takeover offer from U.S. financial giant State Street (NYSE:STT) “really stupid”, shutting down questions after a media report on the matter sent shares briefly spiking the day before.
“We never comment on rumours. And my father once gave me advice: for really stupid questions, you better don’t comment at all,” Gottstein said, flagging a related question at the Goldman Sachs (NYSE:GS) European Financials Conference.
“So I think I will listen to my father’s advice on this one.”
