BlackRock denies report that it's preparing a takeover bid for Credit Suisse - CNBC

"BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so," a company spokesperson told CNBC Saturday morning.

It comes after the Financial Times reported that the U.S. asset manager was working on a bid to acquire the bank, citing people familiar with the situation.

Credit Suisse's future looks to be hanging in the balance after a multibillion-dollar lifeline offered by the Swiss central bank last week failed to calm investors.

The default at hedge fund Archegos Capital not long after led to another $5.5 billion loss for the Swiss investment bank.

These — and other controversies — hit investor and customer confidence hard, with the bank losing billions of dollars in deposits as a result.

The Financial Times had said the U.S. asset manager was working on a bid to acquire the bank, citing people familiar with the situation.