the temperature up here in the alps is rising by about twice the global average. it s already increased by 2 degrees celsius. and 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by rival swiss bank ubs in a deal brokered by the swiss government over the weekend. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial
[applause] thank you, sabrina. Thank you all for being here. As you know, recently there has been a lot more interest in the role banks play in global economies and communities, particularly when it comes to very big mergers. The failure of the silicate valley bank, generated a lot of talk and those of you who have been Community Groups on the front line, and crc on others, have been asking some tough questions about what we are doing to make sure banks are serving the community. More recently, there has been some announcement of big proposed mergers between credit card giants. In february, the Banking Industry sued the regulators regarding Community Reinvestment act. So i thought i would spend a little time today talking about how we should think about why banks serve communities and neighborhoods. I think a lot of people want to believe that banks are serving the underserved because it is charitable. So im going to first discuss some of the history about banking law and that terms co
Of the fiercest in the game live from glasgow. First, heres ray to kick us off with the news headunes. Headlines. Thank you both. Good thank you both. Good afternoon. 12 01. Our top stories. The chancellor is stories. The chancellor is defending the british job market despite rising unemployment figures released today across the uk, unemployment rose by 0. 1, reaching 4. 3 in july. Meanwhile Job Vacancies fell to below a million. Jeremy hunt says that remains, quote, below many of our international peers. Meanwhile the average growth in pay meanwhile the average growth in pay remained at a record high of 7. 8. Shadow Business Employment and levelling up secretary Justin Madders says more needs to be done. There are strong economic headwinds that have been troubling the economy for some time, but i think one of the things were very clear about is the only way we are going to get out of this this mess weve been in really for 13 years now. Weve with stagnant growth is to actually turbo ch
[applause] thank you, sabrina. Thank you all for being here. As you know, recently there has been a lot more interest in the role banks play in global economies and communities, particularly when it comes to very big mergers. The failure of the silicate valley bank, generated a lot of talk and those of you who have been Community Groups on the front line, and crc on others, have been asking some tough questions about what we are doing to make sure banks are serving the community. More recently, there has been some announcement of big proposed mergers between credit card giants. In february, the Banking Industry sued the regulators regarding Community Reinvestment act. So i thought i would spend a little time today talking about how we should think about why banks serve communities and neighborhoods. I think a lot of people want to believe that banks are serving the underserved because it is charitable. So im going to first discuss some of the history about banking law and that terms co