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
. . . . you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swiss economy. joining us is cnn economics and political commentator catherine, first i want to go cnn anna stewart. put this in perspective, how big of an announcement is this. this was for the time one of the biggest banks in the world and definitely a major bank in europe. being in the midst of a huge set of restructure the last couple of years, it was already under pressure and you ve seen the pressures on the banking sector with silicon valley bank, you can say it was a weak link started to debuckl
it s 4:00 in new york. s.w.a.t. teams, secret phone calls, testimony from some of the most prominent political figures in america and a windowless conference room in which 23 people investigated a plot to end democracy. an exclusive and extraordinary piece of writing and reporting from the atlanta journal constitution pulls the curtain back on the special grand jury in fulton county, georgia, one of the two criminal investigations into the twice impeached disgraced ex president. it could result in anything truly historic and unprecedented. the indictment of a former president of the united states. from that piece of reporting, quote, in an exclusive interview with the atlanta journal institution, five of the 23 special grand jurors recounted what it was like to be a pivotal but anonymous part of one of the most momentous criminal investigations in u.s. history. they described a process that was, by turn, fascinating, tedious, and emotionally wrenching. one juror said she woul
working, republicans want to put it on the chopping block. i m gonna ask ron klain, who s gonna join us in this hour if that is the closing argument in these congressional elections. is is that what. it is wow! mitch mcconnell is loving that. not! right. and republicans have absolutely made this argument possible, and highly credible for the democrats. thank you kevin mccarthy for explaining that you are gonna use the debt ceiling to slash the social safety net. you re welcome! i think ron klain is going to be ready for this question. i think he will be, lawrence! but i m excited, and i will be tuning in. thank you alex! thank you! have a good show! today, a federal judge found compelling evidence that donald trump committed federal, and state crimes. and that he did that with the advice and counsel of attorney john eastman, whose emails the judge ordered, handed over to the january six committee, saying the emails are not protected by attorney client privil