State Street Falls After Staying Mum on Credit Suisse Report (3)

State Street Corp. fell the most in almost two months after declining to comment on a report it’s looking to acquire Credit Suisse Group AG.

“We are not going to respond to an earlier news report,” State Street said in an email Wednesday. “As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business.”

Shares of State Street dropped 5.4% to close at $69.04. Credit Suisse shares fell as much as 3.7% at the open in Zurich.

Earlier Wednesday, Swiss blog Inside Paradeplatz reported that State Street could make a bid ...