quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st
The message as the eu and japan close in on a huge free trade deal, but can it see off the rise of protectionism and nationalism . Plus high steaks scandal why a Corruption Probe is carving a slice out of brazils multi billion dollar meat industry. Welcome to World Business report. Im ben bland. In a moment, its 30 years since kfc launched in china, but the nations hunger for fast food is slowing. But we start in brussels, where, in a few hours time, the eu and japan will sign off a major trade deal covering everything from cars to cheese. It comes despite doubts Around The World about free trade deals and the rise of Trade Protectionism in the us under the trump administration. Lets show you the details. Japan and the eu account for about a third of global gdp thats 21 trillion. Both sides believe their Trade Relationship has room to grow, to get even bigger. Eu Officials Say the deal will boost the eu economy by 0. 8 , and japans by almost a third of a percent. Among the big winners,
Downbeat session in asia. And well be getting the inside track on alipay, the chinese Digital Payment giant owned by ecommerce giant alibaba. The ceo will be joining us later. And as jay zs digital only album goes platinum in under a week we want to know, what was the last physical album you bought . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. In a few hours time, the eu and japan will sign off on a major trade deal in brussels covering everything from cars to cheese. It comes despite doubts around the world about Free Trade Deals and the rise of Trade Protectionism in the us under the trump administration. Japan and the eu account for about a third of global gdp thats over 21 trillion. Both sides believe their Trade Relationship has room to get even bigger. Eu Officials Say the deal will boost the eu economy by 0. 8 and japans by almost a third of a percent. Among the big winners, the car industry. The eu will scrap a 10 duty on japanese car imports, while
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