BBCNEWS BBC News July 6, 2024
hello and welcome to the programme. the financial times is reporting that ubs has offered to buy credit suisse for up to $1 billion dollars, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant 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 dollars by switzerland's central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoi...