quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st
artefacts the british museum says have disappeared. we ve discovered that two gems were unwittingly put on display at another museum in germany. we ve also established that around 260 ended up in washington, dc the fbi has been investigating. but many of the objects hadn t been catalogued, which means the museum hasn t yet been able to prove they were actually stolen. it s since begun to register all its objects, and has improved security. the truth is, mistakes were made. but i think in life it s how you respond to those mistakes that matters. the museum today a couple of years on as a result of this saga, i think is much more open, much more transparent. of the 1,500 items it believes were taken, the british museum has got back almost half. but others including ancient gold jewellery and other treasures missing from its collection will likely never be found. katie razzall, bbc news. you can watch the full documentary, thief at the british museum , which airs on b
What they can actually do about the communist state. Welcome to the programme im Christian Fraser in london, katty kay is in washington is brexit already making the uk poorer . In his annual Mansion House speech the governor of the Bank Of England mark carney, said price rises are now running ahead of wage growth and real incomes are falling again. Speaking alongside the governor, the chancellor of the exchequer Philip Hammond was making the case for a longer transition to brexit he wants the uk and the eu to agree a new customs agreement under which Current Border arrangements would remain in place perhaps for some years following britains exit. In a moment, well hear from the British International trade secretary whos trying to whip up business in the us but first, this report from our economics editor, kamal ahmed. A year on from the referendum, and cars waiting in sunny southampton for a journey to the continent of europe. Exports to the European Union like these are a key driver o
Combustible cladding is found on 11 tower blocks in england. A premier inn says its extremely concerned about three of its hotels. There is still sniper fire going there is still sniperfire going on. Welcome to raqqa, the capital of a caliphate under siege. Inside a city engulfed in violence as so called Islamic State struggles to hold on to raqqa, we have a Special Report from the front line. In sport, The Young Lions win a game. The under 2is are into the semi finals of their european championship, after brushing aside the hosts poland. 135,000 people descend on worthy farm as the Glastonbury Festival gets under way with heightened security. What will the weather be like . The good news is there will be a lot of dry weather through the next three days, but there will be a bit of rain and that sums up the forecast as we go into the weekend. All the details in the next 15 minutes. Good morning. First, our main story. Around Three Million eu nationals living in the uk will be allowed to
An urgent appeal has been launched to find more black blood donors for help with those with Sickle Cell Disease. We will speak to two families of those living with the disease. Hello. Welcome to the programme, were live until 11 this morning. Wed love to hear from you if youre an eu National Living in the uk. Are you reassured by what you hear . Were also talking about fire safety this morning. If your flat is covered in cladding, has your landlord been in touch about measures to keep you safe . Do get in touch on all the stories were talking about this morning use the Hashtag Victoria Live and if you text, you will be charged at the Standard Network rate. German chancellor Angela Merkel has described theresa mays offer to give european Citizens Rights after Brexit Living in the uk is a good start. At a summit last night, the Prime Minister said nobody in the uk lawfully would be forced to leave on the day of brexit, nor did she want to split up families. In return the eu would have to