turmoil is spreading. credit suisse will borrow almost $54 billion from swiss bank. the bank stock surging in the first few minutes of trading today in europe as shares plunged to a record low on wednesday after getting cut off by its biggest shareholder. anna stewart is live in london. markets are now open there. what is the latest? reporter: i think that we re seeing a bit of relief now on the european indices particularly with the banking stocks. let me show you how the european market opened. all the major indices are higher by around a percentage point led by the smi in switzerland. credit suisse closed down yesterday 24%. and today you will see share price is now up around 23%. i think some investors saw a little bit of value early this morning as a result of what the swiss central bank has decided which is that they would provide liquidity back stop and credit suisse have taken them up on that offer, $53 billion in terms of the loan. and they will be buying back arou
cryptocurrency media or other companies. he is also known as lining pockets with money he stole including buying himself and close relatives a mansion, ferrari and even two $36,000 mattresses and financing a luxury yacht. and he is known for being close to former donald trump adviser steve bannon. and bannon was arrested in 2020 on his yacht on unrelated fraud charges. in china he oversaw a property empire and while he was facing charges from the chinese government fled the country and has been living in the u.s. since around 2015. he founded two nonprofit foundations, rule of thof law
friendships have fueled saudis influence in washington for decades. lining pockets of republicans and democrats alike from k street to capitol hill and beyond. they have lobbyists that will contact your member of congress on the hill. they have public relations firms that will contact big media outlets on their behalf. so wherever they need influence, they have it. asher shapiro from the committee to protect journalists named names, tweeting out registration records from hp goldfield from a former staffer for democratic senator bob menendez and bob coleman, a republican from minnesota turned lobbyist, among others. just before president trump visited the kingdom last year, the saudi government hired three u.s. lobbying firms near the white house, one made up of former trump advisers, receiving annual compensation of $5.4 million, according to federal records. one of those goals is to make sure that arms sales keep