NEW YORK (Reuters) – State Street Global Advisors has dropped out of the bidding for Credit Suisse's $ 17.34 billion European exchange-traded fund business, according to two sources familiar with the situation. As first reported by Reuters, BlackRock Inc and State Street Global Advisors, the money management arm of State Street Corp, were among the first round of bidders for Credit Suisse's European ETF business in early October. The investment banking arm of Credit Suisse is representing the parent company in the deal, sources said. BlackRock is still looking at the business. …
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