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the temperature up here in the alps is rising by about twice the global average. it s already increased by 2 degrees celsius. and 20 years since the us led coalition invaded iraq to topple dictator saddam hussein, we look at the legacy. hello and welcome to bbc news. the world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe have dropped sharply. credit suisse was bought by rival swiss bank ubs in a deal brokered by the swiss government over the weekend. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international fin ....
Impact might it have? in mean for the regular person and what impact might it have? impact might it have? in the immediate impact might it have? in the immediate here impact might it have? in the immediate here and - impact might it have? in the immediate here and now, i impact might it have? in the l immediate here and now, that impact might it have? in the immediate here and now, that remains to be seen. again it will be a question of how things play out over the coming days and weeks. if people are watching this in switzerland they may at some point see some branch closures because ubs and credit suisse have both got big retail banking operations in switzerland but when we look at the falls on the stock markets that have been linked to this, people might have money invested in a pension fund for instance and that will have taken a hit because of this. we might also see moves in interest rates because of this being affected. because all of this is a reflection of risk and the ....
The world s financial markets have reacted with unease following last night s emergency takeover of the troubled swiss bank credit suisse. shares in credit suisse fell by more than 60% this morning after european markets opened and the value of banking shares across europe has dropped sharply. credit suisse was bought by rival swiss bank ubs in a deal brokered by the swiss government over the weekend. here s the chief executive of ubs explaining the rationale behind the deal: translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it means we are stemming the turmoil in the international financial markets. these three goals are very, very important to us. we are building a big ubs with less risk appetite. lets speak to our business reporterjonathanjosephs. ....
Scholar, in london. bring is up to date on what s happening with shares across the banking sector as a result of all this. ~ ., , banking sector as a result of all this. i ., , ,, ,, this. we are seeing credit suisse shares down this. we are seeing credit suisse shares down today this. we are seeing credit suisse shares down today by this. we are seeing credit suisse shares down today by more - this. we are seeing credit suisse shares down today by more than| this. we are seeing credit suisse - shares down today by more than 60% and that reflects valuation that it was purchased for by ubs, over $3 billion computer market valuation last week of around $8 billion. we are seeing shares in ubs trade sharply lower and a contagion effect across the whole of the european banking sector, banking stocks like standard chartered and natwest and lloyds at the bottom of the ftse 100, and this is amid concerns about financial contagion and the broader risk to the banking sector and indeed the ....
It s trades to make serious progress. it s time to get going, otherwise the ipcc will carry on opining as we go through 2 degrees, to my and they will say we told you so and they have told us so and we have done nothing about it. we will have more on that report winter is released when it is released. 3 winter is released when it is released- winter is released when it is released. . , ., , ., ., ., ., released. a summary of all the ma or research on climate d released. a summary of all the ma or research on climate change. i more now on our top story last night s emergency takeover of swiss bank credit suisse. european bank shares have dropped sharply after the troubled bank was rescued in a 3 billion dollar purchase by its swiss rival ubs. i m joined now by the the head of investment at interactive investor, victoria ....