hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks
lecturing the rest of us about equity, meaning that straight white men are bad. yet strangely the person he chose for this job was not a member of a racial or sexual minority, he was instead a highly privileged straight white guy. he was called nick mcwade. he went to private schools, wesleyan, went to colombia for law school. that didn t matter to joe biden. some jobs are too important foray if i remembertive action. his main qualification was being former law partner of hunter biden s criminal attorney. in december of 2020, hunter biden hired a lawyer called chris clark to defend against potential federal tax charges. just a month later, hunter biden s dad hired chris clark s partner, nick mckwaid to oversee the agency to oversee the tax charges. seems like an obvious, glaring conflict. but no, nick mcwade did not recuse himself from the hunter biden investigation. more than two years later not surprisingly, no charges have been brought against hunter biden, not for lack of
,you will remember, lecturinguiy the rest of us about equity, meaning that straight white men are bad. and yet, strangelyy th, the perl he chose for this job was not ws a member of a racial or minority. guinority. privileged straight white guy.y he was called nick mcquaid. nick mcquaid went to private schools. he wrote at wesleyan. he w went to columbia for law school. he is definitely not oppressed. but that did not mattemar to joe biden. some jobs are too important for affirmative action. liquid ertives main qualificn was being the former law l partner of hunter biden aws criminal attorney in december criminal attorney in december a latham and watkins lawyer called chris clark to defend him againslaar t potential federaljust a tax charges. just a month later, hunter biden s dad hired chris clark s partner, nick mcquaid, to oversee the agency that could bring those federal tahex charges. that seems like an obviousglr and glaring conflict, buint no, nick mcquaid did not