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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 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. here s the swiss president, alain berset, speaking at a press conference a short time ago. on conference a short time a-o. on conference a short time am. friday, on conference a short time a-o. friday, the liquidity s it on friday, the liquidity showed that it was on friday, the liquidity showed that it was no on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the swift the necessary confidence, and the swift and the necessary confiden ....
Ubs~ is the takeover of credit suisse by ubs~ it is the takeover of credit suisse by ubs~ it is is the takeover of credit suisse by ubs. it is supported by the federal council ubs. it is supported by the federal council following several meetings with the council following several meetings with the swiss national bank, with a regulatory with the swiss national bank, with a regulatory or regulator and by ubs~ regulatory or regulator and by “bs the regulatory or regulator and by ubs. the federal council is ever confidence that in this difficult situation, the takeover of credit suisse situation, the takeover of credit suisse ubs is to restore the confidence that has been lacking recently confidence that has been lacking recently in managing the risk to our country recently in managing the risk to our country and recently in managing the risk to our country and its citizens. the bbc s imogen foulkes joins me now from bern. imogen, what more can you tell us ab ....