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 to add to its woes, a massive amount of deposits were withdrawn in the three month period.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 worryingly for the bank, desposits are still being withdrawn.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
Oil rich area. The violence coming as both sides have agreed to discuss a ceasefire. Reporter both sides of the conflict have agreed to send delegations to talk about how to bring the current conflict to an end. It took a bit of pleading with the president by un officials and diplomats for him to agree to send delegation from his end because this is not what he had wanted. He wanted a ceasefire before he held talks with his opponent and former Vice President. So far it has been the former Vice President who has been insisting that there should be no talk of a ceasefire until proper negotiations have been done. The government also confirmed that it is ready to receive these delegations who will begin talks immediately. Now this happens on a day that the rebels allied to the former Vice President took the strategic and key town of bor. They carried out a key attack on bor which had been taken control of by Government Forces just last week. And un officials confirmed that there has been d
The authorities of TRZ Garments Industry Limited have shut its garment factory in Gazipur’s Tongi following a demonstration staged yesterday by its workers and staffers demanding their dues
Utility poles across Bangladesh are festooned with campaign flyers carrying pictures of general election candidates, most of them from the ruling party, as an opposition boycott looks set to usher Prime Minister Sheikh Hasina to a fourth straight term. Rights groups warn the country of 170 million is heading for virtual one-party rule, after the boycott by the main opposition Bangladesh Nationalist Party (BNP), though Western nations, key clients of its garments industry, have urged free elections. On walls in Dhaka, the capital, slogans painted in red and blue exhorted voters to pick "Once again, Sheikh Hasina" and "Vote for the boat", the symbol of her Awami League party, before campaigning wraps up on Friday.