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
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
the government of switzerland says that the country s biggest bank, ubs, has taken over its troubled rival credit suisse in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the company s financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. here s the swiss president alain berset speaking at a press conference earlier. on friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence, and that a swift and stabilising solution was absolutely necessary. this solution is the takeover of credit suisse by ubs. it is supported by the federal council following several meetings with the swiss national bank, with our regulator, with credit suisse and ubs. the federal council welcomes the takeover and is supporting it by guaranteeing
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