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Credit Suisse Crisis

BlackRock’s Hildebrand Taking Part in UBS, Credit Suisse Talks

Bloomberg business news
Peter Kraus, Aperture Investors Chairman and CEO discusses why risks are hard to take right now as an investor and whether there are mismatches in the banking system. He also explains why liquidity created by the banking crisis made space for the Fed to potentially move 25 basis points.Source: Bloomberg

BlackRock Inc. Vice Chairman Philipp Hildebrand is taking part in discussions as Swiss officials race to put together a deal for UBS Group AG to take over Credit Suisse Group AG.

The exact nature of Hildebrand’s role wasn’t immediately clear, people familiar with the matter said, asking not to be identified discussing confidential information. A BlackRock spokesman declined to comment on behalf of Hildebrand.