Credit Suisse (CS) is auctioning its $17.2B European exchange-traded fund unit and has received...

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

Credit Suisse (CS) is auctioning its $17.2B European exchange-traded fund unit and has received offers from BlackRock (BLK), State Street Global Advisors (STT) and other, Reuters reports. A deal with BlackRock could raise antitrust concerns given the U.S. firm's 40%+ hold of the $309B European market. The sale by CS is part of its efforts to raise capital to meet new regulatory rules.