the financial times is reporting that the country s biggest bank, ubs, has offered to buy credit suisse for up to one billion dollars, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than 50 billion dollars by switzerland s central bank but that had not prevented a sharp fall in its share price. more now on one of our main stories this hour a potential takeover of the struggling credit suisse bank by another swiss based bank, ubs. let s get the latest now from our correspondent in switzerland imogen foulkes. what is the latest on these stories to try and shore up we hearing a lot of things but i can tell you the crisis talks taking just on the road from me in berne financial authority of the banks, people are being very tight lip
get enough detailfrom disappointing is we didn t really get enough detail from the eu foreign policy chief years at the last night, didn t answer questions and he has really told us precisely what is going to be agreed, beyond a couple of outlines that european union. clearly a lot of details to be filled in. union. .. clearly a lot of details to be filled in union. clearly a lot of details to be filled in. ., ., be filled in. and when we hear that serbia s president, be filled in. and when we hear that serbia s president, aleksandar - serbia s president, aleksandar vucic, is refusing to sign the eu proposal, has he said what changes he would need to see like to see before he is prepared to normalise relations? he before he is prepared to normalise relations? , ., , ., relations? he says he has got red lines on those relations? he says he has got red lines on those red relations? he says he has got red lines on those red line relations? he says he has got red lines on those