BBCNEWS BBC News July 6, 2024
the financial times is reporting that the country's biggest bank, ubs, has offered to buy credit suisse for up to one 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. more now on one of our main stories this hour ...