Sat. Oct 1st, 2022



© Reuters. 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:) “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:) European Financials Conference.

“So I think I will listen to my father’s advice on this one.”

By Rahul

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