b. s. go get to credit suisse in a moment, but 1st, james sweeney is in new york. james, how did 1st republic get into this mess? well, i could say that there were being foolish, but that's a little too broad of an answer. truth is similar to the now defunct silicon valley bank, which you mentioned 1st republic, bank deposits, mostly uninsured, about 2 thirds of them making matters even worse according to s and p. global 1st republic also had a 111 percent loan to the posit ratio at the end of last year. that means that loaned out more money that than it has and deposits that's, that's more like i can pretty much do math. that makes no sense. that something the 14th largest bank of the u. s. should be doing what they did and won't silicon valley bank went under the red flags were everywhere for the spank, as well. and even more interesting, several of 1st republics, top ranking executives selling $12000000.00 in the stock. and the 2 months leading up to this crisis. this is publicly disclo

b. s. could be just down, was away. we'll find out what's behind the tank of a beat. ah, i'm jarrett rate welcome to the program. russian president vladimir putin has made what the kremlin is calling a spontaneous visit to occupy mary paul exiled authorities from the ukrainian city have condemned the trip, which came hours after another unannounced stop in crimea peninsula that russia illegally annexed in 2014. now that in turn came on the heels of an arrest warrant issued by the international criminal court on friday, accusing vladimir fusion of wolf crops. months with memorial during the unannounced trip build as a working visit by the kremlin. the russian leader travelled by car driving himself to several districts in mariel, pull, chatting with people outside and visiting them in newly built homes, of which he also received updates about reconstruction works in and around the heavily destroyed city. with little before returning to russia to meet with his top military commander, the port

b. s. is said to be offering to buy credit suisse, which was founded in $1856.00, up to a $1000000000.00, or $935000000.00 euros. it's also reportedly asking the state for assistance. the term was on least by the collapse of 2 banks in the united states. well, steven beasley from dw business is here to break this all down for me. hi, steven. now, media report say u b. s is offered to buy credits with rapture $1000000000.00. what's the likelihood of a deal today, and would this help com markets tomorrow? it's hard to know what the likelihood of a deal is to do without being inside the negotiations are very, very close to them. we know that the swiss government is likely to want a deal today. however, it's probably going to be putting pressure on regulators and on u. b. s. to make this deal happen. and that's because it doesn't want a certain situation to be there as markets reopen again. and the preferred method to unwind is kind of just ations is for a take over from another bank. otherwise

b. s. could be just hours away. we'll find out what's behind the takeover beat and a powerful earthquake. shake, southern ecuador, killing over a dozen people injuring hundreds and destroying building authorities rush to provide aid the quake also he to northern prover. ah, i'm jared read. welcome to the program. russian president vladimir persian has made what the kremlin is calling a spontaneous visit to occupied mary. paul exiled authorities from the ukrainian city have condemned the trip, which came hours after another unannounced stop in crimea the peninsula that russia illegally annexed in 2014. now that in turn came on the heels of an arrest warrant issued by the international criminal court on friday, accusing via me person of war crops. rooms with a memorial during the unannounced trip build as a working visit by the kremlin. the russian leader travelled by car driving himself to several districts in mariel, pull, chatting with people outside and visiting them in newly built homes

b. s. is another example. we're not only weak corporate governance at credit suisse calls the problem, but also there was weak regulation by the swiss regulatory authorities, which made the situation worse. and now it has created a crisis from that we all now hope can be contained in the future. the, the bank does have a history of problems does. i'm just waiting hear back in 2014, it pleaded guilty to allowing us clients to evade taxes back in 20. 20 is chief executive resigned because because of our corporate espionage scandals. this, there's been a storm of negative publicity generally just because you a, b, b s has bought credits, which doesn't not necessarily mean that the problems at credit suisse of being solved doesn't. no, it doesn't. a or risk management and weak governance practices have been, are endemic at credit suisse over the last or 89 years. and even as late as december, 2022, the chairman of credit services board told the market that the, and that the, that the full outflows that had credit

b. s. rescues. it's troubled. rival credit suisse government back deal with billions of dollars. ah, i'm about to sort of this is all 0 alive from doe of also coming up. russian president vladimir putin welcomes what he calls china's a constructive role in trying to end the ukraine war ahead of a state visit by she jin p, south africa, braces from mass protest against ruling power cuts corruption and unemployment. climate change, right alert or un report during the next few hours is expected to warn the world that time is running out to car the missions ah, banking stalks have tumbled on monday as initial relief about the rescue of credit suisse has given way to new worries about big banks, debt. swiss banking giant u. b. s group is buying a struggling rival for $3200000000.00 and the state broker deal. it's the latest crisis to head global financial markets since the collapse of silicon valley bank in the u. s. 10 days ago, the government says the deals the best solution to restore confid

b. s group is buying it, struggling of also $3200000000.00 and the state broker deal. it's the latest crisis to hit global financial markets since the collapse of silicon valley bank in the u . s. 10 days ago. the government says the deals the best solution to restore confidence in the sector. the bankruptcy of a global systematically important bank would have cross irreparable economic term oil in switzerland and throughout the world. for this reason, switzerland had to take the responsibilities beyond its own borders. these efforts have paid off the federal counselors can winced that u b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. bob ronan's following the story from london. it's been a really tumultuous and frantic few days in the international banking sector. pretty much, ever since weapons day when credit suisse was extended, a $54000000000.00 credit line, which it was hoped would keep the bank going. in fact,

b. s. as agree to buy it's rival credit suisse. swiss national bank says it will ensure that both banks have access to the necessary liquidity to underpin this dale . the government has welcomed this agreement. regulators were pushing for a deal to restore confidence in credit suisse before the financial markets open on monday. fairs of contagion are running high after the collapse of the us lenders, silicon valley bank and signature bank. on friday, the liquidity outflows and market volatility shows that it was no longer possible to restore the necessary confidence. and that the swift and stabilizing solution was absolutely necessary. this solution is the takeover of credit history is by you bias. it is supported by the for the raw consul, following several meetings with the 3 national bank. we've our regulator, the fin map with registries and you'll be us. and if you are concede, welcomes these, take over and is supporting it by guaranteeing the framework conditions necessary for its suc

b. s. could be just a way to find out what's behind to take of it. ah, i am at the mike a junior welcome to the program. russian president vladimir putin has made what the kremlin calls the spontaneous visit to occupy my real poll. exiled authorities from the korean city condemned the trip, which came out after another and announced stopped in crimea, which are russia illegally, annexed in 2014. their visits come after on a restaurant was issued by an international criminal court on a friday accusing. let me put in of war crimes with during the and its trip build as a working visit by the kremlin. the russian leader travelled by car driving himself to several districts in mariel, pull, chatting with people outside and visiting them in newly built homes, of which he also received updates about reconstruction works in and around the heavily destroyed city with little before returning to russia to meet with his top military commander, the port city of mario pole had been home to some 450000 pe

b. s. as buying troubled rival credit suisse in a state bank deal to avoid market turmoil. the federal counselors convinced that u b. s take cover of credit space has laid the foundations for greatest stability, both in switzerland and internationally. ah, until mccrae, this is al jazeera alive from doha, also coming up president potent welcomes, what he calls china's constructive role and trying to in the ukraine war head of shing. ping's visit to moscow. mending ties around president will comes an invitation by the king of saudi arabia to visit viet plus. i am, pardon me with that and losses on west delaware. sharp on an onion prices has led to a huge crisis farm with lim, this on climate change and government policy. ah, this was government has persuaded u. b. s to been struggling rival credit suisse for just have a 3000000000 dollars in the latest effort to stim market turmoil that began a week ago with the collapse of silicon valley bank. and the you with the swiss national bank says

b. s. acquires it's rival credit suisse and a deal backed by the country central bank. it's designed to avert a potential banking crisis, but stock market suggest more uncertainty. also coming up chinese pres, she gin, paying is on his way to moscow for talk to with russian president vladimir putin. she wants china to be seen as a peacemaker. chuck russia is hoping for support for its war against ukraine and buddhist lincoln football labor cruising deal by in munich. their 3rd loss of the season, knocking them out of 1st place. ah hello, i'm terry martin. thanks for joining us. switzerland's biggest bank u. b. s. has reached the deal to take over its embattled rival credit suisse for just over $3000000000.00. european shares bell sharply on monday despite the news with several major european banks declining by close to 10 percent. take over comes amid fears that an ongoing banking crisis could de stabilize the global finance system, such which one is preparing emergency measures to fast tra

b. s. requires it's rival credit suisse in a deal backed by the country. central bank is designed to avert a potential banking crisis, but the stock market suggests more uncertainty ahead. also coming up the e. u in turkey, rally financial support from the international community. they're looking to kickstart a 1000000000. uh huh. $100000000000.00 relief and recovery operation after devastating earthquakes and in buddhist think of football. labor cruising deal by munich. their 3rd loss of the season, knocking them out 1st, please. ah hello, i'm terry martin. good to have you with us. switzerland's biggest bank you be us has reached a deal to take over some baffled rival credit suisse, for 3000000000 swiss franc. that's just over 3000000000 euros. the take over comes amid fears that an ongoing banking crisis. could these stabilize the global financial system so which one is preparing emergency measures to fast track? the takeover and b will receive liquidity assistance from the states. the t

b. s. is buying troubled rival treaty streets in a state back deal to avoid market turmoil regulators in asia. say they're prepared as markets open. ah, i'm serious venue. it's great to have you with us. this is al jazeera alive from dough. also in the program, president putin welcomes what he calls chinese constructive role in trying to end the ukraine war ahead of shipping things, visit the moscow a stark warning about global warming and its consequences. major un climate reports is due in the coming hours. i'm bob nathan and losses down west in delaware shop on an onion prices has led to a huge prices. farm was blame this on climate change and government policy. ah, so the source government has persuaded u. b. s. bank to buy it's struggling rival kitty stories for just over $3000000000.00. this is the late attempt to stem market turmoil that began a week ago with the collapse of silicon valley bank in the us. the swiss national bank says it will ensure that both banks have access to enou

b. s. take cover of credit space has laid the foundation for greater stability, both in switzerland and international me. ah, until mccrae, this is al jazeera live from doha. also coming up. president putin welcomes what he calls china's constructive role and trying to ins do you crying or ahead of shipping things visit to moscow around president welcomes an invitation by the king of saudi arabia to visit, re add after years of hostility and gone. his government is on to fight for running out of vaccines as it struggles to contain and measles outbreak. ah, ah, this government has persuaded, dubious to buy a struggling rival credit suisse for just over $3000000000.00. and the latest, if it's a stay market turmoil, the began a week ago with the collapse of silicon valley bank in the us. the swift national bank says it will ensure both banks have access to the necessary liquidity to underpin the deal. soon after the swiss announcement, the usaa federal reserve, european central bank and other

b. s. rescues. it's troubled. rival credit suisse in a government backed deal. russian president vladimir putin welcomes what he calls china's constructive role in trying to end the ukraine war ahead of a state visit by sheeting thing also plays out in force in kenya as the opposition stages. demonstrations against the president and the rising cost of living. also 20 years after the invasion of iraq, we hear from a man who was tortured in the infamous, savage grey prison. and who still waiting for justice in small castle cruthers returned the top of the well tennis rankings. the spanish scenery did it by beating dental medford in indian wells. ah, welcome to the news or an enormous risk for switzerland. that's how the leader of the 2nd biggest party in parliament has described the takeover of credit suisse by its main rival, u. b. s. the commons came at the end of a tense weekend, as bankers regulators and government officials struggled to save the swiss slender credit suite managers aroun

b. s. take cover of credit's face has laid the foundations for greatest stability, both in switzerland and international. ah, i'm told mccrae the sel 0 live from our ha also coming up. president potent welcomes, what he calls china's constructive role and trying to in the ukraine war ahead of shing ping's visit to moscow. roms president accepts an invitation by the king of saudi arabia to visit riyadh after years of hostility and gone. his government is undefined running out of vaccines as it struggles to contain a measles outbreak. ah, the swiss government has persuaded you yes to buy a struggling rival credit suisse for just over $3000000000.00. in the latest effort to stim market turmoil there began a week ago with the collapse of silicon valley bank and the us, the source national bank says it will ensure both banks have access to the necessary liquidity to underpin the deal. soon after the swiss announcement, the u. s. federal reserve european central bank and other major central banks

b. s. acquires it's rival credit suisse, switzerland central bank, fast tracks of deal designed to avert potential banking crisis. will hear from a finance expert in this hour as the format can also on the program. chinese president gigi and paying as in moscow for talks with russian president vladimir putin, china wants to be seen as a peacemaker in ukraine, as russia hopes or support for its war. i'm fil gale. welcome to the program. switzerland's biggest back u. b. s. has reached a deal to take over its embattled rival, credit suisse of takeover was arranged quickly over the weekend. i made fears that the banking crisis could div stabilized the global financial system. so it's linda is preparing emergency measures to fast track approvals. and you be asked will receive liquidity assistance from the swiss state. the turbo was unleashed by the collapse of 2 u. s. backs. the humbling end of the banking icon. the swiss government hastily forced through the takeover of credit suisse by rival y

b. s is buying trouble, the rival kiddies recent estate back deal to avoid market turmoil regulators in asia. say they are prepared as markets open. ah, sir. oh man. yeah, it's great to have you with us. this is al jazeera light from door, also coming up flat image, putin welcomes what he calls china's constructive role and trying to end the ukraine war ahead of shooting things visit to moscow. iran's president receives an invitation by the king of saudi arabia to visit riyadh. after years of hostility, a climate change red alert, a un climate report due in the coming hours is set to warn the world the time is running out to curb emissions. ah, the swiss government has persuaded u. b. s. bank to buy struggling rival kitty's risk for just over $3000000000.00. this is the latest attempt to stem market turmoil that began a week ago with the collapse of silicon valley bank in the us. the swiss national bank says it will ensure both banks have access to enough cash to make this work. soon after

b. s. has reached a deal to take over its embattled rival credit suisse for just over $3000000000.00 . the take, or com summit fears that an ongoing banking crisis could destabilized a global financial system. the bankrupt, switzerland is preparing emergency measures to fast track. the take over and u. b. s. will receive liquidity assistance from the state. turmoil was unleashed by the collapse with 2 banks in the us. here's the swiss president alarm per se, speaking as the deal was announced, liquidity outflows, and market volatility shows that it was no longer possible to restore the necessary confidence. and that the swift and stabilizing solution was absolutely necessary. and the solution is the takeover of great histories by u. b. s. it is supported by the for the right on sale. following several meetings with national bank. we've our regulator, the feed map, we've tried histories and u b. s. and the federal con, she'd welcome these takeover and is supporting it's by guaranteeing the f

b. s. acquires it's rival credit suisse in a deal backed by the country central bank. it's designed to avert a potential banking crisis, but stock market suggest more uncertainty. the head also coming out chinese present cheating. pay is on his way to moscow for talks with russian president vladimir putin. she wants china to be seen as a peacemaker. russia is hoping for support for its war against you cray and in buddhist legal football the because in deal by and munich, their 3rd loss of the season, knocking them out to the 1st place. ah hello, i'm terry martin. good to have you with us. switzerland's biggest bank u. b. s has reached the deal to take over some baffled rival credit suisse for just over $3000000000.00. the takeover. com submit fears that an ongoing banking crisis could these stabilize the global financial system, which is preparing emergency measures to fast track to take over and u. b. s. will receive liquidity, assistance from the state of turmoil, was unleashed by the cl

i asked my colleagues in b s. d from d w business about the size of this take over $3000000000.00 deal, tv comparison, the market capitalization that is the total value of all the shares of credit suisse. on fridays, it close was $8000000000.00. so shareholders going to take a huge loss on this, but they won't get up say, and it's because part of the deal means that shareholders won't get to vote on the deal. and so the 2 boards are for the banks have voted on the dealer will vote on the deal. and again, that shows you the urgency here. it also this $100000000000.00 credit line that is made available by the swiss national governments with national bank that shows you that they want to help you swallow this monster and to do it in switzerland. that is, the big thing here is that this bank is disassembled in that country because it's also about jobs, not just about the global contagion before switzerland itself. it's about some valuable assets, but also jobs more than $16000.00 in that country. so this was a bit of

b. s and credit suisse has created a financial bet him off, valued at over $1.00 trillion dollars in a deal which threatens the squeaky clean image of the swiss banking sector device. i totally could. it did selfish the extensive liquidity assistance provided the time needed to find a solution to safeguard financial stability. this solution had to be worked out under considerable time pressure in order to be ready before the asian markets opened this week to sign and, and solvents of credit suisse would have had severe consequences for national international financial stability. and for this was economy taken, this risk would have been irresponsible. this new super bank, born out of a hastily arranged merger, now has a value that completely de wars the highly developed a $100000000000.00 swiss economy. and has raised concerns about granting such immense power to a single financial institution lawyer. but i'm like, so mommy, there won't be an impact on me. but what a waste is really too bad

also on the program, global markets, reactive swiss bank, u b. s a choir, it's rival credit suisse, switzerland central bank, fast tracks, the deal designed to avert a potential banking crisis. here from a finance experts as b like continues protest to create the canyon capital, ny rogue with demonstrates it's taken to the streets over the countries cost of living crisis. ah, i'm fil gail. welcome to the program. chinese president jean pink has arrived in moscow on the trip is widely seen as a show of support for russian president vladimir putin. as the g will be the 1st national leader that he welcomed to moscow since the international criminal court issued an arrest warrant for vladimir putin, russia's alleged war crimes in ukraine. china hasn't condemned to russia's full scale invasion and with his forces struggling to make gains is to put in a hopes to signal that he has a powerful ally. russia's frontline in ukraine has advanced, retreated and inched forward since its invasion a year ago. but one thing has stayed constant european hopes that r

b. s. is buying troubled rival cities, recent estate back deal to avoid turmoil markets in asia. reacting cautiously ah, and cyril then yes, great to have you. this is l 0. live from door are also coming up today. vladimir putin welcomes what he calls shine is constructive role and trying to end of the ukraine war this ahead of shooting things visit to moscow. iran's president receives an invitation by the king of saudi arabia to visit re add after years of hostility and climate change. red alert, you and climate report do in the coming hours is set to warn the world the time is running out to the curb emissions. ah, the swiss government has persuaded u. b. s. bank to buy struggling rival kitty streets for just over $3000000000.00. this is the latest attempt to stem market turmoil. the began a week ago with the collapse of silicon valley bank in the us. the swiss national bank says it will ensure both banks have access to enough cash to make this work. finance minister of karen keller, sut

b. s, as it did not initiate these discussions. credit suisse suffered losses last week after the collapse of us land, silicon valley bank and signature bank fears of contagion of running high on friday, the liquidity outflows and markets will activity shows that it was no longer possible to restore the necessary confidence. and that the swift and stabilizing solution was absolutely necessary. and the solution is the takeover of credit histories by u. b. s. it is supported by the for the rights on still following several meetings with the national bank. we've our regulator, the fit, not waste creditors, and you'll be us and a pretty wide account. she welcomes the stakeholder and supporting it by guaranteeing the framework conditions necessary for its success. pull. brandon has been following developments from london. it's been a really tumultuous and frantic few days in the international banking sector. pretty much ever since wednesday, when credit suisse was extended, a $54000000000.00 cr

b. s. has reached a deal to take over its embattled rival, credit suisse or 3 and a quarter $1000000000.00, or just about $3000000000.00 euros. a takeover comes i made fears that an ongoing bank in crisis called the stabilize the global financial system. with the land is preparing emergency measures to fast track to take over and u. b as will receive liquidity assistance from the state. the turmoil was on the east by the collapse of 2 banks in the us as a swiss press dance, allenby set, speaking as the deal was announced, the liquidity outflows, and market volatility shows that it was no longer possible to restore the necessary confidence. and the swift and stabilizing solution was absolutely necessary. and the solution is the takeover of crazy stories by u. b. s. it is supported by the for the rise on following several meetings with the seats national bank. we've our regulator or the fema with crazy stories and you'll be us and the pretty wide account sheet welcomes the stake over and is s

b. s. is buying troubled rival credit suisse for just over $3000000000.00 in the state backed deal. it's hope the deal will show up confidence in the global banking system are to the collapse of to us lenders. this was finance minister, karen keller, sorta says the u. b. s. credit suisse agreement was necessary to provide financial stability across the globe. the bankruptcy of a global systematically important bank would have cross irreparable economic term oil in switzerland and throughout the world. for this reason, switzerland had to take the responsibilities beyond its own borders. these efforts have paid off the federal counselors convinced that u. b. s. takeover of credit suisse has laid the foundations for greater stability, both in switzerland and internationally. chinese president shing pang is said to travel to moscow on monday for to day visit rushes president, let him in. person has welcomed what he calls china's constructive role and trying to in the ukraine war and says he ha

b. s is paying $3250000000.00 for credit suisse. that's about 60 percent. less than what the bank was worth when markets closed on friday. the 167 year old bank was once worth more than $19000000000.00. when they back in london, explains the market reaction in europe. the fading here in the british capital that we may have averted the worst of a financial crisis of the like, not seen in 2008 as a result of what happened to credit suisse. but at the same time, although the markets seem to have come slightly, there have been some changes across europe as reflected in a turbulent share price for the european central bank. oh, so unsurprisingly, the shap prices of bush as a credit suisse fell by 62 percent the biggest in its history. although many financial experts believe the markets was simply adjusting to what they believe was u. b. s. is real valuation of the chaise, never less. you be, i suffered a tank in it shares as well, of 12 percent. the problem is at the moment this takeover is just gathering pace. people are trying to work

b. s. has taken over credits, we've signature bank in the u. s. has also been taken over. i mean, analyst in the space also decision makers have been saying to bang customers to investors that these words with instances of singular weak links try to convince them that this is not a greater systemic problem. and i mean, yes, what you do see, if you take a look at the docs index behind me, of course, germany's blue chip stock index is a lot of optimism since the morning bell rang this morning about building on a day of growth that we saw yesterday so, i mean, what we are seeing here, or what i should say is the fact that we're even talking about this problem with this, with bank, with these american banks, talking about it here from the german stock exchange, shows the global nature of this story. i mean, credit suisse is considered to be significant to the global financial system. so with this optimism that we're seeing in the markets today, it shows that the fire does seem to be contained, at least for now. you know, at the same time the things can change very fast. what i

b. s is reported to be an advanced talks to take over its beleaguered rival. a government announcement is expected in 30 minutes. cisco live to paul brennan, whose following developments from london for i saw what more you hearing bowl about these talks and the fate of courtesies while it seems the starter aligning. as far as the takeover of credit suisse now by you be asked frankly, the only other alternative was a kind of nationalization by the swiss national bank and not frankly oh, by the swiss government. i'm not really wasn't attracted option. so after u. b. s seems to have doubled its offer for credit suisse from the $1000000000.00 that it was reported to have offered earlier in the week now to $2000000000.00. we have a news conference that's been cold about 1830 g m t. and we're expecting to hear the full details now, as you say, concerns about credit suisse have been going on since the middle of last week. there was a lifeline of $54000000000.00 lifeline that they asked for that d

my rival u b. s. european indexes, continuing their gaines early tuesday, led by recovering bank stocks. questions remain, however, with some investors bothered by the details of the credits. we steal, which we'll see, bond and shareholders take big losses. the crisis began just 2 weeks ago in the u. s. of a sudden collapses of silicon valley bank and signature bank. it's christy plots, and frank for christy investor seems to have rediscovered the confidence in banks. can we say that the worst is over while there's been a lot of shuffling around going on the last few days, even as you just said, i mean u. b. s has taken over credit suisse signature bank in the u. s. has also been taken over. i mean analysts in the space also decision makers have been saying to bank customers to investors that these words are instances of singular weak links try to convince them that this is not a greater systemic problem. and i mean, yes, what you do see, if you take a look at the docs index behind me, of course, ger

b. s. acquire its driver credit 3 in a digger supported by the country central bank and designed to over to potentially banking prices. also coming up with moscow prepared to breach. shoot in thing. lesson leaders, hope vision will put fresh owen put into and the innovation which i as president has a piece plan, but it falls short of breath on expectations. and and goodness, legal, football, liverpool, some have dev, buyer munich, that 3rd loss of the season, knocking them out of place. ah, i'm no massage as well. welcome to the program, switzerland biggest bank u. b. s. has reached a deal to take a while. it's in battle drive, we'll credit suisse for 3 and a quarter $1000000000.00. that's just for 3000000000 euros. the people will consummate, feels that an ongoing banking crisis could destabilize the global financial system . so the linda's preparing emergency measures to fast track the big over and you will be, as will receive liquidity assistance from the state. the turmoil was unleashe

welcome to the program with the lens, vegas bank u b. s. has reached a deal to to go buy it some bottled, rival credit suisse credits with, i should say for more than $2000000000.00. the takeover comes, i'm it fears that an ongoing bank in crisis could to stay below is a global financial system. with the land is preparing emergency measures to fast track, the takeover and dubious will receive acquitted assistance from the state. the tomo was on least by the collapse of 2 banks in the us. cbs the funding of your business just now in this to you. hello, steven. i mean, so, over $2000000000.00 take of us with the one second largest bank. how big a deal is this? a huge deal. this is one of the 30 largest banks in the world. the urgency with which this was done really stands out. this is what we understand. or we understand more than $2000000000.00 of the deal. t v comparison, the market capitalization that is the total value of all the shares of credit suisse. on fridays, it close was $8000000000.00. so shareholders going to take a huge loss on

b. s. the comments came at the end of a tense weekend as bankers regulators and government officials struggled to save. this were slender, credit suisse managers around $1.00 trillion dollars around the world. its profits dropped significantly in 2022, falling nearly $8000000000.00. after losing 2000000000 in 2021 credit suisse shares have been in shop decline since 2021. there's no loss more than 95 percent of their value in the past 5 years. investors took the money elsewhere last week for the banks. manger holder refused to help offer financial help. after that even of $54000000000.00 lifeline from the swiss central bank couldn't stem pessimism and that left the buyout solution once you be asked acquired credit suisse. it's also going to have access to more than 5 trillion dollars in assets. the bankruptcy of a global systematically important bank would have crossed irreparable economic term, oil in switzerland and throughout the world. for this reason, switzerland had to take the respo

b. s. take over credits. reese appears to have eased concerns somewhat on the global markets. or the emergency rescue deal was announced on sunday after tense weekend bankers, regulators and government officials struggle to save the swiss lender. monday saw a bumpy day of trading on global share markets. as investors try to digest the deal . many asian markets close down, but major exchanges in europe recovered from early losses. and by the end of the morning trade session in the u. s. a dot drones was up roughly one percent. credit suisse shares with down 56 percent of clothes is biggest ever daily decline. u. b. s is paying $3250000000.00. a credit suisse about 60 percent less than the bank was worth when markets closed on friday. 167 year old bank was once worth more than $90000000000.00. the focker is in london with more on the european market reactions . the fading here in the british capital that we may have averted the worst of a financial crisis of the like, not seen in 2008 as a re

the federal council is convinced that u b. s. take cover of credits with has lay the foundation for greater stability, both in switzerland and internationally, switzerland. second largest bank had been in trouble for some time, suffering scandals, public legal battles and mounting losses. these longstanding vulnerabilities were brought to the surface by the collapse of silicon valley bank and signature bank in the u. s. highlighting just ho panicked investors are there is hope that the financial problems were unique to credit suisse and could therefore be contained in this deal. but experts warn this may not be the case. once a large and highly connected institution, such as this runs into trouble. there is always a risk of contagion, and it may be a good idea for regulators and central bankers to try to get ahead of the problem. central banks across the globe are faced with a potential crisis of confidence in the stability of their financial system. as investors and depositors are like fear a looming credit crunch of the us fede

b. s or a. is it kind of off a hug? good marriage between 2 lame decks, of course, ah, to situation with sir eric decrease was going badly. but u b s, as now, a longstanding is trade off bad records in banking. and i don't believe that he's kind of marriage cool souls in the long term, the crises for ordinary workers and communities. it essentially means that regardless of what your economy actually produces, be the cars, energy, medicine or high tech services. it all counts for nothing. if a major bank fails, leaving ordinary citizens to face the catastrophic consequences of failure. this leaves us to ask ourselves what the actual value of these vast financial institutions is to the societies they've so by the failed. while these institutions provide some payment and transaction services to their wealthy depositors and borrowers, the rest is essentially investment banking, which focuses exclusively on making money for us to. that's right. the investment bank and it's shareholders who's disproportionate influence on the

b. s. acquires it's rival credits with switzerland central bank, fast tracks the deal, but it's designed to avert a banking crisis. and protest script the canyon capital nairobi will demonstrate, is taken to the streets over the country's cost of living price. ah, i'm glad elf is welcome to the progress chinese president. she can ping has arrived in moscow. the trip is widely seen as a show of support for russian president vladimir putin, president. she is the 1st national leader to the welcome to moscow. since the international criminal court issued an arrest warrant for vladimir putin over russia, alleged war crimes in ukraine. china has not condemn russia's full scale invasion. and with his forces struggling to make gainesville people, mister putin hopes to signal that he has a powerful ally. russia's front mining ukraine has advanced, retreated, and inched forward since it's invasion a year ago. but one thing has stayed constant european hopes that russia's biggest ally could push it t

b. s. a choir which arrival credit suisse, switzerland central bank, fast tracks, the deal designed to avert potential banking crisis. and hundreds of the world's leading scientists sign off on a critical update on the state of the global environment. alongside the data comes the warning act. now, before it's too late, ah, i'm fil gale. welcome to the program. chinese president, you should ping has arrived in moscow. and the trip is widely seen as a show of support for russian president vladimir putin. as in j will be the 1st national leads. welcome to moscow since the international criminal court, if you would rest warrant for vladimir putin, of a russian alleged war crimes in ukraine. china hasn't condemned to russia's full scale invasion with his forces struggling to my gains. mister putin hopes the signal that he has a powerful ally. rushes frontline in ukraine has advanced, retreated, and inched forward since it's invasion a year ago. but one thing has stayed constant european hopes th

b. s. agrees to buy its travel, rival credit suisse for $3200000000.00. to avoid more market turmoil. just a day after the i. c. c issued an arrest warrant for him. rushes president pays a surprise visit murray or pull the ukrainian says he is forces left in ruins. after years of hostility, iran says president rise c as welcomed an invitation from the saudi came to visit riyadh and after a 5 day wait health finally arise from the la winds, cut off by the flood waters from sight on friday, about peter service and go home with your sport, it's one old between barcelona and rome. good. our classic girl and remove. sergio perez holds off t made max for stopping to win. the saudi arabian grown pre ah well come to the news. our switzerland's largest bank u. b. s. is agree to buy its troubled rival credit suisse for $3200000000.00. and a deal backed by the government follows a weekend of emergency talks. both banks will be given a liquidity assistance loan of up to a $110000000000.00 from a swiss