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hello and welcome to bbc world news. the government of switzerland says that the country s 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 its value plummet over the past week. the swiss national bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it s early days. but i don t think it s going to be easy. ubs is the bigger of the two, but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city lik ....
working, news 4 s, of just a former trump fixer michael cohen telling msnbc exclusivel just minutes ago that he is no done with the grand jury in th manhattan da s case. he ll be back as a rebutta witness indicating that trum team may have called their own witnesses. we ll have the latest on tha just coming up it comes in the wake of donald trump s prediction he ll b arrested tuesday which is now sparked a defined message on the manhattan d pursuing the case. and an ugly response from th former president as well this, as kevin mccarth threatens to use the force o the republican house majorit against da alvin bragg, th reaction from both sides has been coming fast and furious it s not clear to me what committee speaker may be referring to perhaps the so-calle weaponization committee whic is really more appropriately named the committee to protect insurrectionists just feels like a politically-charged prosecutio here and, for my part, just fee like it s just not what ....
Justin msnbc we were talking about this earlier in the hour. the possibility of ubs purchasing when it squeeze we cannot confirm this as we v been watching a pres conference coming out of switzerland. this from the central bank o switzerland. again, what we re hearin according to reporting and fro that press conference. ubs is to buy your watching something live vide coming in right now to buy rival accredited sweepstakes the swiss regulators will play a key part in this deal. what we re seeing here is that the central bank will provid all necessary liquidity to bot parties. both banks as is needed in the process of this purchase i m gonna quote a little bit o that will get right over to ge more perspective on this with a takeover acquitte squeeze baby, association ha been found, a sucker financial stability and protect the swis ....
Of illegally deporting thousands of children from occupied parts of ukraine to russia. james landale, bbc news, kyiv. let s get more now on our top story, and switzerland s biggest bank, ubs, has agreed to take over its troubled rival, credit suisse. i m joined now by cornelia meyer, an economist and head of business consultancy mrl corporation. she s been following news of the banking deal today. thanks forjoining us. can you take us through this deal? ihell thanks forjoining us. can you take us through this deal? us through this deal? well it has not been decided, us through this deal? well it has not been decided, it us through this deal? well it has not been decided, it is us through this deal? well it has not been decided, it is a - us through this deal? well it has| not been decided, it is a shotgun marriage, the brokers, the swiss regulators and the swiss government. ubs is buying credit suisse for $3.25 million, million dollars, ....