the financial times is reporting that the swiss bank ubs has offered to buy its rival, credit suisse, for more than $2 billion. the swiss government is due to hold a press conference in about half an hour s time in bern. credit suisse 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 by switzerland s central bank, but that had not prevented a sharp fall in its share price. let s get more on this with our business correspondent, marc ashdown. mark, what you make of the announcement, the possible announcement? the possibility that ubs might be buying? fix, announcement? the possibility that ubs might be buying? announcement? the possibility that ubs might be buying? a deal has been aareed u- ubs might be buying? a deal has been agreed up and ubs might be buying? a deal has been agreed up and it ubs might be buying? a deal has bee
the government of switzerland says that the country s biggest bank, ubs, has taken over its troubled rival, credit suisse, in an emergency measure designed to protect the swiss economy. credit suisse 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 by switzerland s central bank, but that had not prevented a sharp fall in its share price. here s the swiss president, alain berset, speaking at a press conference a short time ago. on conference a short time a-o. on conference a short time am. friday, on conference a short time a-o. friday, the liquidity s it on friday, the liquidity showed that it was on friday, the liquidity showed that it was no on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the swift the necessary confidence, and the swift and the necessary confidence, an
devastated in the early months of the war. # i ll take the world apart to find a place for a peaceful heart. and we hear from yusuf cat stevens about music, faith and performing at glastonbury. it s 7am in singapore, and midnight in switzerland where the government has reached an emergency deal with the country s biggest bank, ubs, to take over its troubled rival credit suisse. the annoucement comes just before global financal markets open on monday, in an attempt to settle nerves in the global financial sector. credit suisse has seen its value plummet over the last week due to fears about the company s financial health. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. here s the swiss president alain berset speaking at a press conference earlier. on friday the liquidity and volatility showed it was no longer possible to restore the necessary confident and that the swift and stabilising solu
Goodbye to our executive director. Subsidize i have, tough in the best possible way and consistently to producing newscasts their h honest and objective which is obviously not always an easy task. In other words, nikki egan say great journalist and outstanding person. I like to say that it is our goal on this show to make you smarter and better every single day. And i firmly believe that we are all smarter and better because of nikki egan. Speaking for myself and our team, i want to thank you, nikki, for your friendship, leadership and job well done. That wraps up this hour. Im stephanie ruhle. You are in luck. My dear friend Hallie Jackson is here in New York City. What an amazing goodbye to our friend nikki. Thank you much. See you later this afternoon. We start this hour, though, with new reporting from our nbc news team out this morning on how exactly democrats plan to handle next weeks Mueller Marathon and
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misleading parliament is seen by other mps as a serious breach of the parliamentary rules. he will appear before a committee of mps on wednesday in a televised session investigating his actions. the liberal democrat leader says his party would seek a close economic relationship with europe to fed express and s trade if it wasn t government, speaking at the party s spring conference he pledged to fix the nhs, perform social care and tackle the cost of living crisis. ~ ., crisis. we need immediate solutions crisis. we need immediate solutions to crisis. we need immediate solutions to the crisis. we need immediate solutions to the cost - crisis. we need immediate solutions to the cost of. crisis. we need immediate i solutions to the cost of living crisis engulfing so many families and pensioners, like using a proper windfall tax to cut energy bills. but we need far more than that as well. ed davey there. the late queen elizabeth has been publically remembered by her son, the king, o