we ll have a special report. hello, very warm welcome to the programme. the financial times is reporting that ubs switzerland s biggest bank has agreed to buy credit suisse for more than two billion dollars. there s been no confirmation yet of whether the offer has been accepted. it s thought an earlier offer of $1 billion was considered too low. the swiss banking giant 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. our business correspondent marc ashdownjoins me. we spoke a little earlier. it s not offering to billion. offering to billion. they have aareed offering to billion. they have agreed that offering to billion. they have agreed that figure. offering to billion. they have agreed that figure. it s - offering to billion. they
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
the wettest place, shoeburyness, where we ve had nearly 1.5 times as much rainfall as we d see in an average march, and there s loads more rain to come as well. over the next five days, the wettest weather, the largest rainfall totals, would be across western and particularly north western areas of the country. i suspect by the end of the month, there ll be some areas that have seen more than twice the average march rainfall. now, today s not been a bad day. we have seen some sunshine, although the cloud thickened up with these weather fronts approaching from the west, bringing some rain to end the day. and, indeed, that rain s still going to be with us overnight tonight, so a wet night for northern ireland, northern england and scotland. further southwards, might see a bit of drizzle falling from the cloud that works across the rest of england and wales. it s a mild night temperatures 6 7 for most, cold air just about still hanging on in shetland, where it should be another bright s
greater in the alps. the temperature up here is rising by about twice the global average. it has already increased by 2 celsius, and it is having a devastating effect on the snow and ice up here. at an observatory 3.5 km up this swiss mountain, they ve been monitoring the change in alpine climates for decades. 30 years ago, it never rained, but now there is, and summer, very often, there is rain, even up here at 3500 metres. wow. yep. last year, the ice melt heat a new record. the glaciers of the alps lost 6% of their total volume. the very best forecast - for the future of our alpine glaciers is that we can save about one third i of the ice falling. this is the best case. in the worst case, we rel going to lose everything.