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Transcripts For CNN CNN Newsroom With Jim Acosta 20240706

an emergency rescue. the move is aimed the mat halti investors panic. turmoil swept the global banking industry. now credit suisse lost 25% of its shares despite a $50 billion l loan. gina, will this ubs move to halt the panic, will this work? good question. it certainly should help to secure some amount of comfort in at least europe about whether we were going to see an orderly resolution to credit suisse. i think this was hanging over markets. there s a lot of rush to get this done before asian markets opened. the fact they ve successfully done that i think should inject some amount of sense of comfort that these sort of things can reach a time lly resolution and authorities are on top of these problems. and how are the problems at credit suisse different than doomed the two others that failed last week? the think credit suisse s problems were many and predated a lot of the fed s moves. we had seen scandals in credit suisse and problems in their banking arm. we saw th

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