quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st
Read article about Driven by lifestyle and personal preferences, the fashion industry resembles an intricate spiderweb, fuelling widespread consumption through mass manufacturing within a low-cost framework. This approach maximises the use of natural resources. Amidst economic globalisation, businesses now compete more intensely for customer attention by differentiating their goods and services. As a result, long-standing issues, particularly the excessive utilisation of natural resources, have only been exacerbated. The escalating costs and negative impacts of inactivity on sustainable development have become increasingly evident. and more articles about Textile industary at Fibre2Fashion
according to the international labour organisation. there are a number of reasons for this, including a legally enforceable international accord between global fashion brands and trade unions to implement health, fire and building safety measures for factory workers. nearly 200 brands are part of the accord in bangladesh, including the likes of adidas, carrefour and sp, but many more, particularly from the us, are yet to join, but many more, particularly from the us, are yet tojoin, according to human rights watch, and the lingering effects of the collapse of rana plaza continues on its victims. according to new research from actionaid, nearly half of the survivors of the rana plaza collapse are unemployed as they struggle with physical pain and mental trauma. the research also looked at the state of safety in garment factories in bangladesh today, surveying 200 current garment workers. around 60% of them said several risks continue to persist, including the absence of fire safety meas
Boosted by a strong quarter and a personal loan to his own campaign, Assembly member Kevin Mullin has taken a fundraising lead in the closely watched race to replace U.S. Rep. Jackie Speier in District 15, according to new reports.