the governor of the bank of england has warned businesses not to put up prices to avoid cementing inflation at its current high level. andrew bailey said that increasing the cost of goods and services could push the cost of living even further, and would hurt the least well off. our business correspondent marc ashdownjoins me. what has he been saying? he is here that inflation what has he been saying? he is here that inflation is what has he been saying? he is here that inflation is too what has he been saying? he is here that inflation is too high what has he been saying? he is here that inflation is too high and - what has he been saying? he is here that inflation is too high and needs i that inflation is too high and needs to be brought down. it is the pace at which the prices of goods and services is rising. at the moment, it is at about 10.4%. the bank wants it is at about 10.4%. the bank wants it to be at 2%. you see the target there. we have had that spike, it has gone
silicon valley bank. it had been offered an emergency credit facility of more than 50 billion dollars by switzerland s central bank but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me. the usual caveats here. this is a fast moving situation and either put coming out of switzerland. reporting we haven t been able to confirm it ourselves just yet but they are saying that the ubs group has offered to buy credit suisse for up to $1 billion in the interesting thing there is about an hour ago that the stock price has dropped from 80 billion credit suisse seven years ago at its peak to about 6 billion on friday and this 1 billion as the sort of book that we are talking about it is still a fraction of where shares closed on friday. that is bargain basement in banking terms. that is the source of the environment weaving at the moment. the other interesting thing here is the swiss government as we concerned over seeing the talks between r
to $1 billion, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. 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 now. an urgency around these talks in switzerland to try and facilitate this takeover by ubs. this takeover by ubs. yes, the shares were this takeover by ubs. yes, the shares were sliding this takeover by ubs. yes, the shares were sliding all- this takeover by ubs. yes, the shares were sliding all last - this takeover by ubs. yes, the i shares were sliding all last week and there was a period of a pause for a couple of days when markets have been shut till tomorrow morning, so this has given them time to sort this out. the swis
defiance, this matters, because this city for ukraine is a symbol of its resistance from last year, and that may be one of the reasons why he s visited it. james landale in the ukrainian q. james landale in the ukrainian capital kyiv. some financial news and talks are taking place in switzerland about a possible takeover of the troubled bank credit suisse. it s understood that the country s biggest bank, ubs, is in negotiations to buy all, or part, of the organisation. 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. analysts say a takeover deal by ubs could be finalised before the markets re open on monday. our business correspondent marc ashdownjoins me. it is still very, very unclear, isn t it, what s shape this might take, but there i
situation carefully, everyone very clean that there is something in place within hours really to be sure that there is something in place within hours really to reassure the markets the next week. within hours really to reassure the markets the next week. you ll come back if there markets the next week. you ll come back if there is markets the next week. you ll come back if there is any markets the next week. you ll come back if there is any further - markets the next week. you ll come back if there is any further news. . back if there is any further news. mike ashdown, a business correspondent. former us president donald trump says the former us president, donald trump, says he expects to be arrested on tuesday and has called on his supporters to protest. in a post on his own social media platform, he claimed to have seen leaks from the manhattan district attorney s office which is yet to comment. mr trump is accused of paying hush money to an alleged mistress. here s our north