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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 ....
ivanka, the latest trump to take the witness stand. what donald trump s eldest daughter just said about her father s allegedly inflated net worth and various financial statements. and the u.s. warning israel against re-occupying gaza. so who should govern the palestinian people if israel is successful in eliminating hamas? and a, quote, complete failure. some top republicans blasting party strategy after last night s elections. we are following these major developing stories and many more, all coming in right here to cnn news central. in just a few moments, ivanka trump is expected to re-take the witness stand, testifying in the trump organization s $250 million civil fraud trial. so far, she s faced about 2 1/2 hours of questioning from a new york attorney general s office, with a major focus on her father s past financial statements and how he allegedly inflated them to get favorable loans. let s get an update with cnn s chief legal affairs correspondent, paula r ....
Coordinated. he made the payment himself. and effectively, it was no different than a settlement. i m interested to see what mr. costello has to say. i think he has inside knowledge and we should be paying attention. an interesting day at court tomorrow. yesterday, the former president s social media post, in one post, he said he expects to be arrested. now, his spokesman then came out and said, they haven t been informed of any arrests. our reporting suggests that this is true. so why is your client going out and saying he s going to be arrested on tuesday? i think it s a very important thing that he does quite honestly. we ve got hunter biden, who we ve seen has ties to china. we have his dead brother s wife, who s now, we ve heard this week, has been funneling money from china as well and is on payroll. so what happens is the democrats now have to pull the wool over our heads. and you ve seen memes, i m sure thabz, okay, arrest donald trump, but that s exactly what ....
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and this happened in watergate. i could almost go through each defendant. it was the secretary who always gave people up. they know everything. and didn t we learn in watergate, it was the secretary with the hand motion that cut out the gap in the tape, right? it was all her fault, if you believe richard nixon. that s right. yeah. as some people say, i take him at his word. we re done here. now, i want to turn to another thing for you, kristchristina, is, if barack obama s oh, we can t play that game. decade-long serving aide came out and addressed the nation under oath and said that there was this history of racism or this clear animus against white people or countries run by white people or many of the other things that michael cohen testified to which, yes, many people think, but i don t really buy the argument you see some places, you see on the internet thabz, well, we already knew this. i actually would put it differently. people thought a lot of things and donald ....