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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 ...

Transferred but they are not going to need all of those people. both have an investment bank and again you will have duplication. the vlc is that there is duplication and the chances are that clearly from ubs�*s position they are not going to want to get rid of that own people when they can get rid of somebody else's people when they know how good their own people are and that their own people stick to the rules. so it is a massive, massive issue around leadership, and change, notjust a financial one. leadership, and change, not 'ust a financial onefi financial one. good to get your anal si...