hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from banks
her predecessor, borisjohnson, left downing street earlier this morning. we have some in depth analysis of the claims he made in his final speech later in the programme. in that final address at the downing street podium, he also urged the conservative party to unite behind his successor. it s time for politics to be over, folks. it s time for us all to get behind liz truss and her team, and her programme, and deliver for the people of this country. and behind me, here on downing street, we ve seen ministers we see brandon lewis going into number ten there. we heard boris johnson earlier, calling for conservatives to get behind liz truss and her team. and we re learning more about what her team is as the evening goes on because liz truss is in the process of appointing cabinet, that s why we re seeing a range of conservatives going in through the door and bit by bit, we are learning who liz truss s top will be. top team will be. we are getting details all the time of liz t
hello, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are aubrey allegretti, political correspondent at the guardian, and former trade minister lord digbyjones. tomorrow s front pages, starting with. the telegraph leads on penny mordaunt pushing liz truss into third place in the conservative leadership race. so does the i, which says the trade minister is rattling her rivals. the times predicts she may even be the ultimate victor of the contest, with her grassroots popularity outstripping rishi sunak s. meanwhile, the mail says the tory right was under pressure to get behind third place candidate liz truss. the sun focuses on the narrowing race with the headline the six factor . the mirror has a different spin by accusing the candidates of ignoring the cost of living crisis, claiming people are using washing up liquid to clean their hair. meanwhile, the ft says inflation in the us is piling the pressure on the federal reserve, and he