. . . . you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swiss economy. joining us is cnn economics and political commentator catherine, first i want to go cnn anna stewart. put this in perspective, how big of an announcement is this. this was for the time one of the biggest banks in the world and definitely a major bank in europe. being in the midst of a huge set of restructure the last couple of years, it was already under pressure and you ve seen the pressures on the banking sector with silicon valley bank, you can say it was a weak link started to debuckl
The tenth-seeded Houston softball matched up against the seventh-seeded Kansas Jayhawks in the first round of the Big 12 Softball Tournament last week bringing the season to a halt.
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round of the men s ncaa tournament ends tonight and if your bracket wasn t already broken this weekend very likely ruined it for you, warner brothers discovery sports commentator and play by play announcer brian anderson joins us, let s start with the big upset, arkansas s defeat of kansas saturday night. did you expect that outcome. you never know, i mean, a team like arkansas has a lot of talent, and it didn t surprise me that they advanced, but you know, they, you re talking about the reigning national champion in the kansas jay hawks, that was the element of surprise, this tournament is crazy anything can happen, fdu is a 16 seed one of the biggest surprises of all time. as they beat purdue, so arkansas felt doable a day after that happened. doable.