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July 7, 2024
putins surprise visit to the russian—occupied city of mariupol — devastated in the early months of the war. like all ukrainians, like all mariupol residents, i feel today a war criminal vladimir putin visited the scene of a crime he committed for several months. its been 20 years since the us led coalition began its war in iraq to topple the dictator saddam hussein — well assess the history. # ill take the world apart to find a place for a peaceful heart... and the return of a �...
July 7, 2024
that the countrys biggest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the companys financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. heres the swiss president alain berset speaking at a press conference a short time ago. o...
July 7, 2024
devastated in the early months of the war. # ill take the world apart to find a place for a peaceful heart... and we hear from yusuf cat stevens about music, faith and performing at glastonbury. its 7am in singapore, and midnight in switzerland where the government has reached an emergency deal with the countrys biggest bank, ubs, to take over its troubled rival credit suisse. the annoucement comes just before global financal markets open on monday, in an attempt to settle nerves in th...
July 7, 2024
the government of switzerland says that the countrys biggest bank, ubs, has taken over its troubled rival — credit suisse — in an emergency measure designed to protect the swiss economy. credit suisse has seen its value plummet over the last week due to fears about the companys financial health. regulators in switzerland had spent the day trying to pave the way for a deal to be struck before the financial markets open tomorrow. heres the swiss president alain berset speaking at a p...
July 7, 2024
hello and welcome to bbc world news. the government of switzerland says that the countrys biggest bank, ubs, has taken over its troubled rival credit suisse in an emergency measure designed to protect the swiss economy. fears about the possible collapse of credit suisse sparked falls in stock markets around the world over recent days, and raised fears of another global financial crisis. the rescue deal follows a weekend of emergency talks between the two banks, after credit swiss saw i...
March 20, 2023
If you lookjust in switzerland, both of them have at least one branch, more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? thats clearly not going to happen. but i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to h...
March 19, 2023
Both of them have at least one branch, or more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? that is clearly not going to happen. but i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to happen with the investment s...
March 19, 2023
Regulator, credit suisse and by ubs. the federal council has every confidence that in this difficult situation, the takeover of credit suisse ubs is to restore the confidence that has been lacking recently and for best managing the risk to our country and its citizens. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it is early days. but i dont think it is going to be easy. ubs is the bigger of the two but both of them are already huge. if yo...