State Street Offers No Comment on Credit Suisse Report

The transcript discusses the potential acquisition of Credit Suisse by State Street, highlighting the market's reaction and the complexities involved. Tom Metcalf provides insights into the unexpected market movements and the profit warning issued by Credit Suisse. State Street's response to the acquisition rumors is analyzed, with a focus on their interest in Credit Suisse's asset management arm. The discussion also covers Credit Suisse's market valuation and its comparison with UBS, raising questions about the feasibility of a full acquisition.

What was the share price of Credit Suisse mentioned in the text?

What is the current market cap of Credit Suisse as stated in the text?