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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 ....
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 has been agreed up and it values ubs might be buying? a deal has been agreed up and it values credit - agreed up and it values credit suisse at 2 billion us dollars. it hasn t been confirmed yet, but it s starting to look out. the swiss government are hosted to host suspected it was a press conference at 6:30pm uk time. the country s two biggest banks, all because credit suisse has seen money and confidence pour away from it. it was triggered by the silicon valley issues kind of, but it identifies some material weaknesses in reporting as well. it s been a guessing game all weekend. a $1 billion offer was on the table. the question i guess now is what shape will that deal take. it has a big investment arm, runs ....
Those are precisely the things that he accomplished, so i m pleased to know you agree. the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down i ve said this before, and i guess this is a tribute to you. you were a different kind of speaker. you were able to bring your caucus along, and get things done. congressman, i m sure you have a lot to respond to. yes, i do. very specific question. u ....