BlackRock is preparing a takeover bid for Credit Suisse

The lights don’t go out in the central offices Credit Suisse in Zurich. The Swiss bank has asked its key departments to work this weekend until the future of the entity, which has asked Swiss authorities for a 50,000 million euro bailout, is resolved.

Despite his rival’s initial rejection, UBSbuy the bank to avoid structural damage to the financial system, negotiations for its takeover continue.

On the margins of business, the largest investment fund in the world and the main shareholder of Spanish banks, Black rockis preparing an offer for the full or partial purchase of Credit Suisse, the economic newspaper revealed this Saturday Financial Times.

The American giant is in talks with other investors to create an access plan that could be limited to certain more profitable business units.

So far, neither the Swiss bank nor the competent authorities have declared the fund’s interest in the operation, which, in any case, could face numerous regulatory obstacles and pose a challenge to current competition rules.

Larry Fink, CEO of BlackRock, would be the promoter of the offering. The fund has been one of the biggest clients of Credit Suisse investment banking for years.

Fink, the largest shareholder of Ibex 35, pointed out this week, in the midst of the banking crisis, that the market could face a liquidity crisis amid rising interest rates: «Previous tightening cycles have often led to spectacular financial collapses, such as the savings and loan crisis. (called S&L) that took place during the 1980s and early 1990s.”