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sig dwra nifr valley before, and now it is about credit swesz. this is and so, it is interesting to see that from friday, and credit swiss was in trouble since friday and they were doing this and losing it from friday and so they have to sweeten the deal to protect it from $9 billion in loss, and the swiss central bank is providing up to 2 billion in loans to make it happen, and people are wondering why we worry about what is happening in the swiss banking system, and it is because of the 2000 banking crisis of how interconnected everything is. and also, the failure of shaking the banking system sof how everything is connected around the world with the crisis.
the deal has been done in switzerland and that takes the immediate crisis a little bit off the table in the swiss banking system. the bad news is that the way the deal was structured has created a lot of concern in the markets about whether the normal capital market rules are being upheld or not or whether it s basically a world where there s capricious government making policy essentially dominating things. in essence, the bond holders got wiped out but the equity holders got protected and that s unusual. so that s not good for investor confidence. the other problem is, of course, we ve still got this really big problem around first republic and question marks about the regional banks more widely in the u.s. and those concerns are unlikely to go away any time soon. as you say, it means that jay powell, the fed, is facing a really nasty situation this week with the fed interest rate decision. up until this point, the fed has been trying to balance growth and inflation, should they let
time for their futures as well. and the urgency time for their futures as well. and the urgency around getting some kind of deal agreed for rescuing credit suisse very much to get something done before the market opens for the first trading session on monday. time has been critical here, absolutely of the essence. credit suisse s have become troubles for the wider stock market. this is happening at breakneck speed. it s been hosted by the swiss government, overseeing talks with regulators as well. there will be a consultation period. but we understand it would change the law potentially to get that through as quickly as possible. i could have ramifications down the line, but right now, the priority is to restore credibility to the swiss banking system and some stability.
of the swiss banking system, they would have to curtail their access to technologies and also consumer goods on a much broader scale. we don t know and many western and european diplomats don t know whether a strategy like that might backfire, whether essentially ordinary russians would then blame europe, blame the united states, for not being able to have the same standard of living as they had before. this is where the gamble really comes in to play and the question is, we just don t know how far vladimir putin really wants to push it. boris and christi. it is a complex situation. all eyes will be on the talks coming up this week. nina and fred, thank you both. coming up, we re going live to melbourne as novak djokovic, the world s most famous unvaccinated tennis player, fights to stay in the country ahead of the australian open. and later, can you have an awards show if no actors are attending and no one is there to
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