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BBCNEWS BBC News July 6, 2024

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 a short time ago. on friday, the liquidity showed that it was no longer possible to restore the necessary confidence, and the 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 a regulator, credit suisse and by ubs. the federal council has every confidence that in this difficult situation, the takeover of credit suisse ubs is to restore the confidenc ....

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BBCNEWS BBC News June 4, 2024 20:06:00

This mean for the presence. very briefly, what does this mean for the employees - presence. very briefly, what does this mean for the employees of l this mean for the employees of credit suisse? around 50,000 of them globally. it credit suisse? around 50,000 of them aloball . ., , credit suisse? around 50,000 of them aloball . . , . ., , globally. it means uncertainty, it means more globally. it means uncertainty, it means more headaches, - globally. it means uncertainty, it means more headaches, and - globally. it means uncertainty, it| means more headaches, and they globally. it means uncertainty, it - means more headaches, and they have already had quite a few of them, and it probably means slamming it down even more than what credit suisse management had announced. slimming it down. the russian president vladimir putin has visited the ukrainian city of mariupol, believed to be his first time inside territory seized by russian forces. the visit provoked a furious response fro ....

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