Live Breaking News & Updates on Max Arias

Stay updated with breaking news from Max arias. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Transcripts For CNN CNN Newsroom With Jim Acosta 20240706



you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of crises. it s been considered weak in the marketplace. even late last year, it was having its own probl ....

Paula Reid In Washington , Cnn Newsroom , Banking Crisis , Jim Acosta , Credit Suisse , Bank Of America Compmpany , Western U S , Emergency Rescue Bid , Bank Failures , Investor Panic , Swiss National Bank , Rana Foroohar , Anna Stewart , Emergency Loan , Cnn Global Economic , Con Context , Silicon Valley Bank , I T , Share Prices , Swiss Bank , Too Big To Fail , Press Conference , 3 Billion Swiss Francs , 3 25 Billion , 3 Billion , Central Bank ,