the financial times is reporting that the country s biggest bank, ubs, has offered to buy credit suisse for up to one billion dollars, 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 dollars by switzerland s central bank but that had not prevented a sharp fall in its share price. more now on one of our main stories this hour a potential takeover of the struggling credit suisse bank by another swiss based bank, ubs. let s get the latest now from our correspondent in switzerland imogen foulkes. what is the latest on these stories to try and shore up we hearing a lot of things but i can tell you the crisis talks taking just on the road from me in berne financial authority of the banks, people are being very tight lip
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
measure designed to protect the swiss economy. both banks will be given a liquidity assistance loan of up to $110 billion. ukraine condemns president putin after he visits the devastated city of mariupol captured during the russian invasion. an aide to president zelensky called him a criminal returning to the scene of his crime. environmental scientists prepare to unveil eight years work showing the global scale of the climate change. this report is expected to become the benchmark for world governments on how to respond to the growing crisis. serbia s president, aleksandar vucic, says he has declined to sign a proposal by the european union intended to normalise relations with kosovo. the eu has been trying to broker a deal, 15 years after kosovo declared independence. you re watching bbc news. coming up click but first it s time for sportsday hello and welcome to sportsday i m gavin ramjaun. 8 points clear and flying arsenal put crystal palace away at the emirates
by the european union intended to normalise relations with kosovo. you re watching bbc news.coming up it s the travel show but first it s time for sportsday hello and welcome to sportsday i m gavin ramjaun. a five star showing from brighton as the premier league side end grimsby s fa cup dreams of wembley semi final. 8 points clear and flying arsenal put crystal palace away at the emirates, with saka on the scoresheet twice. and exeter beat london irish in extra time to win the premiership rugby cup. from the bbc sports centre, this is sportsday. hello there, and welcome along to sportsday. as the fa cup quarter finals come to their conclusion. and real cracker to finish with. manchester united got the better of fulham at old trafford. in a fiery encounter. it was a relatively quiet first half but it really sparked after half time. fulham took the lead thanks to aleksander mitrovic. who would later go from hero to villain. willian was judged to have handled on the lin
goal of the day. tommy doyle. here is the fa cup semifinal draw. manchester city, who hammered burnley 6 0 yesterday, will play championship side sheffield united, who beat blackburn 3 2 and brighton, who beat grimsby 5 0, will face manchester united. arsenal have extended their lead at the top of the premier league to eight points after beating managerless crystal palace at the emirates, in the only match in the premier league on sunday. the gunners got off the mark thanks to a smart finish by gabriel martinelli. and that lead was doubled thanks to bukayo saka. arsenal were comfortable in the second half. granit xhaka made it three before palace, who sacked former gunners midfielder patrick vieira this week as their head coach, pulled one back. saka then completed the win, to make it 4 1 with his second of the day. mikel arteta s side now well clear of their nearest rivals, manchester city. the desire and the energy right from the beginning of the game, we were really deter