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the financial times is reporting that the swiss bank ubs has offered to buy its rival, credit suisse, for more than $2 billion. the swiss government is due to hold a press conference in about half an hour s time in bern. credit suisse had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. let s get more on this with our business correspondent, marc ashdown. mark, what you make of the announcement, the possible announcement? the possibility that ubs might be buying? fix, announcement? the possibility that ubs might be buying? announcement? the possibility that ubs might be buying? a deal has been aareed u- ubs might be buying? a deal has been agreed up and ubs might be buying? a deal has been agreed up and it ubs might be buying? a deal h ....
That? there s lots of issues. hopefully they will be addressed in half an hour. a longer term issue is whether ubs, what they will do with the bank. there are a lot of overlaps, so this will not be easy to digest. this is a big bite, and ubs will need time to digest it. what is in this for ubs? why would ubs want to take over what you ve just described as a troubled bank with legal issues? this just described as a troubled bank with legal issues? with legal issues? this is not a voluntary with legal issues? this is not a voluntary marriage, with legal issues? this is not a voluntary marriage, this - with legal issues? this is not a voluntary marriage, this is - with legal issues? this is not a voluntary marriage, this is a i with legal issues? this is not a - voluntary marriage, this is a forced marriage. this is a shotgun wedding. this is what s going on. ubs is being pushed very hard by the swiss authorities, and i suspect the authorities, and i suspect the authorities are being ....
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