just too much for them to handle. well, as molly said, you know, she s just one of the latest of a string pf female employees at fox who have talked openly about harassment and filed a lawsuit, successful lawsuit which gotten very substantial settlements. if you recall, we mentioned tucker carlson. before tucker carlson, you had bill o reilly, right? he was known for harassing the female employees working for him. so, this is something where fox has a history. and what that means is, if you go to trial, you can expect them to come in and it creates more risk, more litigation risk. it also means that in the future, and they are gonna have trouble getting employees. i mean, you can t drop your workforce half of it and i think that in order for them to have an environment where they don t have, potentially, a lot of litigation, for the people working there, they need to do
there are many provisos. the first is what we just recently and exclusively reported, that is ubs is seeking $6 billion in government guarantees in order to do a deal. there s a lot of risk around this deal in terms of credit suisse s troubles. what we understand is the governments and parties from both companies are trying to hammer out some of the terms here, and ubs is i think driving quite a hard bargain because there are lots of risk to the company and many employees that may need to be laid off as well as litigation risk against credit suisse. there s a lot still happening. it s a fluid situation and there s no guarantee of a deal at all right now. this situation can change entirely, so we are following this very closely. so, large transactions in banking are very complex. they are very thorny and they require a lot of regulatory oversight.
and secure a deal aimed at such shoring up its finances. in recent days shares fell sharply after weakness was found in its reporting, prompting the swiss national bank to step in with an emergency $54 billion lifeline. but there are a few provisos for the ubs takeover. lananh nguyen is the us finance editorfor reuters in new york, and has been looking at the details. there are actually many provisos. so the first is what we just recently and exclusively reported, which is that ubs is seeking $6 billion in government guarantees for credit suisse in order to do a deal. now, there s a lot of risk around this deal in terms of credit suisse s troubles, and what we understand is that the government and the parties from both companies are really trying to hammer out some of the terms here. and ubs is, i think, driving quite a hard bargain because there are lots of risk to the company. there are many employees that might need to be laid off, on top of which there is a litigation risk against
and ubs is, i think, driving quite a hard bargain because there are lots of risk to the company and many employees that may need to be laid off, on top of which there is a litigation risk against credit suisse. there s a lot still happening. it s a fluid situation and there s no guarantee of a deal at all right now. this situation can change entirely, so we are following this very, very closely. so large transactions in banking are very complex. they are very thorny and they require a lot of regulatory oversight. on top of which, they require a lot of deal making between the two companies. it s not usually this quick, but at the same time we re facing unusual and extraordinary times in the banking industry where two national champions in switzerland are looking at a potential deal to merge. so this is a moment where authorities and companies will get creative, as we have seen in the us financial crisis in 2008, the normal rules do not apply here. the chief executive of the
many provisos. so the first is what we just recently and exclusively reported, which is that ubs is seeking $6 billion in government guarantees for credit suisse in order to do a deal. now, there s a lot of risk around this deal in terms of credit suisse s troubles, and what we understand is that the government and the parties from both companies are really trying to hammer out some of the terms here. and ubs is, i think, driving quite a hard bargain because there are lots of risk to the company. there are many employees that might need to be laid off, on top of which there is a litigation risk against credit suisse. so there s a lot still happening. it s a fluid situation and there s no guarantee of a deal at all right now. the situation can change entirely, so we re following this very, very closely. so large transactions in banking are very complex. they are very thorny and they require a lot of regulatory oversight. on top of which they require a lot of deal making between the two