let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability and
society s biggest mission. here is to ladies night out. a nearly century old brand fights for survival. just like one other there. this is the cbs weekend news. good evening. jericka is off. i m lilia luciano. tonight federal law enforcement is on high alert after an unprecedented number of threats circulating online, including the names of two fbi agents who searched former president trump s florida estate. in washington, workers placed fences and protective barriers at the fbi headquarters ahead of any possible protests. cbs elise preston is in new york with the latest. elise? lilia, the threats warn for the potential of violence against all levels of law enforcement officials. the threats are mainly occurring online, and fbi officials are concerned about their agents and staff. reporter: a joint fbi homeland security memo sent to law enforcement across the country warns of growing threats against them, including a threat to place a so-called dirty bomb in
Simultaneously, debt trapped Sri Lanka’s US “Force” backed President Ranil Rajapakse tangoed at the colonial Club de Paris while attending Macron’s June
market reaction here in asia, investors are not convinced and thatis investors are not convinced and that is despite the take over deal and despite all the statements from central banks. markets are mostly done in the region which signalled some anxiety and that is despite regulators in major financial centres in asia, singapore, hong kong, coming up with separate statements and saying although there is a credit suisse presents the impact from this crisis and the impact from this crisis and the impact from this deal will not be felt, will not be significant, leading the markets down in asia are banking stocks, a reminder of that prior to this credit suisse take over witsel two banks fail in the united states, although these are very different situation there is a common thread here, there are rapidly rising interest rates putting huge pressure on global financial systems and investors are left wondering what the next crisis, what the next challenge will look like and will authorities b