Woke Asset Management Firm Reportedly Makes Bid To Take Over Major Investment Bank

Asset management behemoth State Street is reportedly considering a takeover of Swiss investment bank Credit Suisse.

State Street, an American firm based in Boston, will bid 9 Swiss francs per Credit Suisse share for a valuation of $23.6 billion, according to a report from financial news outlet Inside Paradeplatz. Shares for State Street were down nearly 5% in the United States on Wednesday afternoon.