hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks
california, where residents of these homes in san clemente 0range county had a very close call with a landslide. the state s had a tough few months for storms, and it s now facing, notjust heavy rains but melting snow that s adding to the flood waters and causing mud and landslides like these. a czech so called free diver has plunged to a record depth beneath a frozen swiss lake. 40 year old david vencl s record breaking plunge to 52.1 metres in a single breath follows his entry into the guinness world record book for swimming the length of a frozen czech lake in 2021. at 1 minute 54 seconds, the dive was slower than expected but his promoter explained that this was likely due to him being a little more nervous than usual . a new banksy mural has appeared on the wall of a derelict farmhouse in the seaside town of herne bay in kent, uk. the mural, called morning is broken, shows a young boy opening curtains made of corrugated iron
local media said eintracht fans were also attacked by some napoli fans. a czech so called free diver has plunged to a record depth beneath a frozen swiss lake. ao year old david vencl s record breaking plunge to 52.1 metres in a single breath follows his entry into the guinness world record book for swimming the length of a frozen czech lake in 2021. at one minute 5a seconds, the dive was slower than expected but his promoter explained that this was likely due to him being a little more nervous than usual . just before we go i want to show you these pictures from california, where residents of these homes in san clemente 0range county had a very close call with a landslide. the state s had a tough few months for storms, and it s now facing, notjust heavy rains but melting snow that s adding to the flood waters and causing mud and landslides like these.