trump s alleged hush money scheme will soon have an unexpected witness as the manhattan district attorney weighs indicting the former president. and if he is arrested, trump s attorney warns of mayhem to come. on both sides of the atlantic, major moves are being made to try to restore faith in the global banking system. china s president is making his first trip to moscow since the war in ukraine began. we will look at what both sides are hoping to get out of the visit. good to have you with us. donald trump is bracing for what could be an eventful week in one of his legal battles. the former u.s. president has called on supporters to protest his potential arrest on tuesday over a hush money investigation in new york. in the coming hours, we could learn new details about that probe when his former attorney, michael cohen, appears before a grand jury. cohen s former legal adviser, robert costello, is also expected to offer evidence, which a source says would challenge co
trump s alleged hush money scheme will soon have an unexpected witness as the manhattan district attorney weighs indicting the former president. and if he is arrested, trump s attorney warns of mayhem to come. china s president is making his first trip to moscow since the war in ukraine began. what xi jinping and vladimir putin hope to achieve at their meeting. the u.s. federal reserve is taking steps to keep cash flowing as major moves are being made to help restore confidence in the global banking system. good to have you with us. a day after donald trump urged supporters to protest his potential indictment in new york, his legal team has further stoked tensions by warning of unrest if the former president is arrested. let s see if they arrest him, but i ll tell you what, if they choose to do so for a misdemeanor, which frankly he didn t even do, it is going to cause mayhem, paula. it s just a very scary time in our country. i do think security should be in place if
When Silicon Valley Bank collapsed in March, it was the second biggest bank failure in American history. But just two months later, it s only the third biggest.
precedent for bondholders. but this was about preventing contagion, preventing the spread even further. take a listen to the swiss finance minister on that. the bankruptcy of a global systematically important bank would have cost irreparable economic turmoil in switzerland and throughout the world. for this reason, switzerland had to take the responsibilities beyond its own borders. reporter: don t call it a bailout, say the swiss authorities. this, they say, was a commercial solution and acquisition by ubs even at that fire sale price. but there are those questioning it, given that there is going to be quite a lot of government support, more than $100 billion in credit line, a potential lifeline. they re going to be backstopping billions of dollars in potential losses at credit suisse, so there is a lot of government involvement. they are at pains to point out this was in no way a commercial
buying, as you say, the bank at a fire sale price, less than half of what it was worth. the government is backstopping the deal with more than $100 billion in credit. and they re also backstopping some potential losses at credit suisse. this is what the swiss finance minister had to say about it, take a listen. the bankruptcy of a global systematically important bank would have cost irreparable economic tour moyle in switzerland and throughout the world. for this reason, switzerland had to take the responsibilities beyond its own borders. reporter: so this was about preventing contagion, preventing a similar fate falling on other banks. this is why we see the bank of england, the fed, the u.s. treasury coming out and welcoming the deal. the losers here are credit suisse shareholders. they are getting a tiny bit back. they re getting one ubs share under the deal for every 22 1/2