Credit Suisse Flirts With 1989 Low as State Street Denies Talks

Credit Suisse Group AG shares hovered near the lowest in at least three decades after State Street Corp. denied that it is interested in taking over the Swiss lender.

Shares fell as much as 6.3% to 6.18 Swiss francs, hovering close to the lowest level since data going back to 1989. State Street, which had earlier declined to comment on the merger, later changed tack to say that it’s not pursuing any acquisition or business combination with Credit Suisse.

Credit Suisse shares have halved since the peak in March last year, hurt by major financial and reputational losses stemming from ...