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Transcripts For BBCNEWS World Business Report 20240706

giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today that wi

Transcripts for BBCNEWS World Business Report 20240604 10:40:00

year. russia to nearly $5 billion this ear. . . russia to nearly $5 billion this ear. ., ., . ., . ., russia to nearly $5 billion this ear. ., ., . ., ., ., year. having a chance to take over a family business year. having a chance to take over a family business might year. having a chance to take over a family business might be year. having a chance to take over a family business might be seen - year. having a chance to take over a family business might be seen as i year. having a chance to take over a family business might be seen as a| family business might be seen as a privilege, but there can be challenges as well. some of your fellow employees might see it as nepotism and that is what happened to joseph nepotism and that is what happened tojoseph law, who took over his dad s leather crafting business in singapore. he spoke to the bbc about the challenges he faced. my singapore. he spoke to the bbc about the challenges he faced. the challenges he faced. my dad grew u . the

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