State Street Says It’s Not Seeking a Deal With Credit Suisse (2)

State Street Corp. said it’s not pursuing any acquisition or business combination with Credit Suisse Group AG, a day after a Swiss blog reported that it could make a bid for the Zurich-based bank.

“There is no basis to the continuing market rumors,” Boston-based State Street said Thursday in an emailed statement. “Although we have a long-standing company policy of not commenting on such speculation, we feel a response to these reports is now warranted in this instance.”

Shares of State Street were little changed at $69.24 at 1:50 p.m. in New York, while Credit Suisse’s American depositary receipts ...