the swiss bank ups has aareed members. the swiss bank ups has a . reed to members.s has agreed to pay _ members. the swiss bank ups has agreed to pay $1.4 _ members. the swiss bank ups has agreed to pay $1.4 billion - members. the swiss bank ups has agreed to pay $1.4 billion to - agreed to pay $1.4 billion to settle fraud claims of united states link to the 2008 financial crisis. it brings to close the last case brought by the us prosecutor investigating banks conduct an honor to the crash. prosecutors said the bank had lied about the quality of mortgages that were packaged and sold to investors. ubs did not admit or deny any of the claims. in a statement it said it had already set aside money for the quote legacy matter. celebrity creative directors are black fashion. more companies are hiring famous faces to fill executive roles. without the bbc�*s north america corresponded michelle fleury in new york to speak to one of them and find out what is driving the new trend and they qualified? dj khaled, the grammy award—winning music mogul with the mitres touched. his

the swiss bank ubs has agreed — carefully. the swiss bank ubs has agreed to _ carefully.reed to pay _ carefully. the swiss bank ubs has agreed to pay $1.4 - carefully. the swiss bank ubs has agreed to pay $1.4 billion | has agreed to pay $1.4 billion to settle flawed claims in the united states, linked to the 2008 financial crisis. —— fraud claims. it is the last case of prosecutors investigating banks in the run—up to the crash. prosecutors said the bank lied about the quality of mortgages that were packaged and sold to investors. ubs did not admit or deny the claims. in a statement, it said it had already set aside money for the"legacy maka". celebrity creative directors are back in fashion. famous faces executive roles. we sent michelle fleury to speak to one of them and find out what is driving the new trend and are they qualified. idj new trend and are they qualified.— new trend and are they l qualified._ dj qualified. dj khaled... dj khaled, _ qualified. dj khaled... dj khaled, the _ qualified. dj khaled... dj khaled, the grammy - khaled, the grammy award—winning mu

the best metaphor for swiss banks like and come up with is as junkie, -- government of enablers. the election is driven by the importance of banking to the country, it comes to more than 10% of the country's employment, and tax revenue. thanks sold assets worth more than 14 50% of the annual gross domestic product it's an endless surprise of new development funds, and wealth creation. but this tolerance of money laundering has driven its cost to historic lows. east across 20 to 30% longer money. now banks these are actually higher than the fees for money laundering. built into the bank fees charges of the cost to pay off their fines, penalties and lawyers, when they do get caught wandering. bank fees have essentially become the profits of global money laundering. one russian banks, when russian money starts to get problematic in thousand 14 with the seizure of crimea, so as banks helped -- proxies an offshore companies. that continues today. holds two credit suisse bank during the reporting of our story monday, they were quite healthy and suggesting corporate structures that would

in the end, ubs decided to retain the swiss bank. that may have some political ramifications because it does actually entail headcount reduction in we found out about an hour ago ubs said because of that integration, 1000 jobs will be lost in another 2000 jobs in switzerland will be lost. a big question is, how much more personal reduction is to come? they instituted a cost-saving target of $10 billion. a lot of that will come from a reduction in headcount. let's listen to what was said today. >> our cost ambitions -- we are counting on natural attrition. we are counting on retirement. and unfortunately, we will have to take some drastic action. we do that in the most responsible way, in order to mitigate the problem for people affected. >> reporter: the headcount reduction has already started. how far away through the process are we? >> if you look in terms of, we don't really like to talk about forward-looking on headcount. we have a target of cost and we will address that. every quarter you will see progress on how headcount plays

government and swiss national bank concerned that the taxpayers will no longerear the risk ubs is confident it will bear the costs and financial impact of credit suisse integration on its own. it repaid all extraordinary liquidity support created by the emergency law. the 9 billion swiss franc backstop was created earlier this year. the reaction is positive ubs trading at 20 swiss francs ubs continues to focus on the successful integration of credit suisse it has a lot of work to do with the value of the acquisition it will provide more information on the process as part of the second quarter earnings out later this month on august 31st. i'll be there. former ubs uk group told cnbc this morning that removing the backstop was inevitable and mad sense from the strategic point of view. >> the risk looks like it is less profound than it was over the rescue weekend this is a proven and sendasible thing to do. keep in mind, those in switzerland owho opposed this deal, found the facts of the government and swiss national bank offered these indemnities of a number of ob

francine: there is a question about what will happen to the swiss bank. will be pushback, there is a sign of confidence, and it makes commercial sense even though at the time we didn't really have a choice. are they more free to decide what to do with the swiss universal bank, are they more free for job cuts in switzerland? possibly. there's also an election the 21st of october in switzerland. there was a feeling when you speak to insiders that ubs had become if not the main debate, do we need to spend more tax money? do they become more of a liability than they have been so far? and they didn't really want to be in that public domain. dani: where do we stand with the merger? francine: i'm impressed at how fast this is going. we do have quite big news. it's driven by the chairman and chief executive. as soon as the former chief executive was replaced by sergio ermotti, i had a feeling that the chairman means business and they need to hit the right things quickly, because otherwise the markets turn. we spent a lot of time in asia trying to figure out what

of representatives of the congress of the maggia, taylor green, commenting on the report of the swiss bank, russia, welfare. russia called on the us government to stop financially supporting kiev america sent 113 billion dollars to the government of ukraine. it continues to send 1 billion dollars every month. plus, biden wants another 20 billion, meanwhile. russia is getting richer. america is getting poorer by trillions us sanctions have failed no more money to ukraine and the sanctions boomerang is hitting harder in poland continue to rise energy food prices. july inflation exceeded 10% year-on-year, informs the polish central statistical office, amid disappointing forecasts, is declining trade both in farmers' markets and in private stores, seasonal vegetables and fruits , meat, and dairy products are becoming more expensive. prices for meat and meat products for 2 years increased by 30% beef has risen in price by 50%, what to do? we don't have a subsidy. we have to pay rent, and electricity bills have doubled this year's situation. i noticeably worsened soon after retirement, but in or

member of the house of representatives marjorie taylor green , commenting on the report of the swiss bank on the growth of russia's wealth, called on the american government to stop financially, to support kiev america sent to the government of ukraine 113 billion dollars continues to send 1 billion dollars a month. plus, biden wants another 20 billion, meanwhile. russia is getting richer. america is getting poorer by trillions of sanctions us failed no more money ukraine in hawaii, the number of victims of natural fires is growing according to the governor of the state , 110 people were recognized as dead the damage from natural disaster is estimated at about $ 6 billion thousands of people lost their homes -behind strong winds and hot weather, the flames spread to the tourist town, lahaina, local authorities block the roads public transport temporarily does not work. indonesia today celebrates independence day, and the declaration of state sovereignty was signed in august 1945. the president of belarus congratulated the head of indonesia jokovidot and the indonesian people on the nation

if we would have chosen to spin off the swiss bank, we would have had to reduce by 600.ve another 2000 that needs to be, that will go through a redundancy because of the restructuring. we are lucky that we are a very healthy labor market in switzerland. there are more than 6000 jobs open in switzerland. it is a healthy market. we are also helping our -- the people affected, financial, retreating and we try to mitigate the decision. it is painful to go through this exercise. >> is that too soon to say what your final headcount will look like in two years? >> we are not talking about headcounts. the size of the country, the relevance of both organizations, we want to be specific about giving clarity on this issue. broadly speaking, you will see how the workforce is changing. since the beginning of the year at credit suisse, we are already at 8000 reduction in workforce. this is a consequence of the cost measures that credit suisse has initiated itself. and we have been accelerating that in the second quarter. shery: some stories we are tracking. broadcom fell after given a

thousands ofjobs will be cut as ubs absorbs credit suisse, in a takeover that is reshaping swiss bankingn profit between april and june, in its first results since it bought its struggling rival. but the merged bank will shed 3,000 staff in the coming years as it aims to cut costs by more than £9 billion. 0nline i'm @benthompsontv. we will see you very soon. for english heritage, the last four years have been a labour of love in this part of derbyshire. a team of specialist workers has been busy. it is meant to have a roof and without the roof you have a lot more deterioration of the stone and the historic plasterwork. we were very keen to keep as much of the original plasterwork and to repair the stonework and make this accessible for people to come and find out the whole story of this place, hardwick. what really stands out is the restoration of the decorative white plaster walls and they show ornate pictures and date back 400 years, around 500 people per day have been visiting the building since it reopened, but like the forth road bridge, it never really stops. the lace will bridge,

we have the confirmation the swiss bank will be kept and fully integrated and this has always been ubs'srred option because it will not have a domestic competitor. there was a note from citi going around saying the combined units will account for 35% of deposits in switzerland. fairly significant i would say. lizzy: it would have been surprising if that did not happen. outflows have been a huge issue for credit suisse. what did ubs say about client activity? >> ubs's wealth management business has $60 billion of inflows in the second quarter, the highest second-quarter inflow for ubs in over a decade. they also said they saw the trend continue into july and august. this has been one of the key questions for them ahead of earnings. it shows that to some extent ubs has been able to win clients over from credit suisse. lizzy: we are going to be hearing from sergio ermotti, the ceo, shortly. i wonder what questions ubs still has to answer now. leonard: not just for markets but also employees crucially, the job cuts. how many people will go and where they will go is crucial. ubs today announc

the other big question is the swiss bank. what do they do with it?ng to each other and say tomorrow is a big day. a lot of political pressure for them to come out. alix: do you think the government would let that part of the business be divested? francine: i think they are in a better place, ubs is in a better place after the announced that they no longer needed that backstop and guarantees from the swiss government. so any kind of political interference, political pressure would be, if not smoothed over, certainly they are trying to put a wedge between the government and what they are doing. we have elections coming up in a couple of months which is why it is such a hot potato. if they were to announce something from this week's bank -- from the swiss bank, they might get a backlash. i think they are in a stronger position to push that away. dani: can i go back to what you started with. this is the first set of results we will have credit suisse in with ubs. do we know exactly what that's going to look like? are analysts just can be having the most

the swiss bank ubies published a study of the well-being of belarus, so in a year the wealth of householdsr country increased by $46 billion and reached $255 billion. zero as much as 56% of the world indicator, while not one adult accounts for $34,835 , the wealth of 37.7% of adult belarusians, less than $10,000 more than 56% from $10 to $100,000 five and a half percent from $100,000 to $1 million, and more than 1 million dollars, this is 1/10% of the population. while the waiter here gina in belarus is 67.1%, the higher it is, the greater the social inequality here we concede slovaks to qatar belgium in poland, for example, this figure is 68.4% in lithuania 7. so is six percent china 70.9% russia 86, 9%. the world average equity index is 88%. bright large-scale and memorable holiday. as a result, krok yes to the olympus in kostyukovichi ended the day before a two-day sports and cultural festival of reaching the district of the olympic run and meetings with eminent athletes 30 locations represented by the federations of belarus, including archery, weightlifting, boxing, master classes and

i got a call from a swiss bank yesterday. interested in how much i was aware of the nature of these documents. well, you know what they are in europe hook cottage cheese. to alexei romanovich to consult on these documents with an independent lawyer, please, if it will be calmer for you, then yes, it will be calmer for me romanovich as a spouse. i completely trust nikita to learn about the nature of my wife's activities. so it's probably just not necessary. not if he insist, of course. if nikit wanted his people , this one was going to cut my throat , suspicion would fall on me so that i stood up for myself. only back. i will not take my word and you know i understand the laws. and secondly, i will do everything, but in my own way and no more threats and set-ups. fairly you give me your word, what after the deed? nobody will touch me. you can and when you finish the color. don't think about preparing for everything. think well , think, just know that you will drag out time. and i can smell it. will you answer? in the meantime,

the swiss bank ubs has agreed to pay a $1.1; billion fine in the united states to resolve fraud claimsse the last case brought by prosecutors looking into the conduct of the bank. ubs did not admit or deny the claims. japan's economy grew faster than perspective, at 6% in the second quarter, boosted by rising demand for its exports of a weaker currency. the figures show that the economy has expanded for three consecutive quarters. that is it from me. well business reporters back a little a little bit later. in the long shed next to the river, and extraordinary endeavour is taking shape. the painstaking recreation of the world—famous sutton burial ship, using tools anglo—saxon shipbuilders would have used, the latest recruits are three apprentice joiner is. used, the latest recruits are three apprenticejoiner is. just used, the latest recruits are three apprentice joiner is. just massively appreciative. _ apprentice joiner is. just massively appreciative, really. _ apprentice joiner is. just massively appreciative, really. of— apprentice joiner is. just massively appreciative, really. o

the swiss bank ubs has agreed to pay a $1.1; billion fine in the us to resolve fraud claims stemmings investigating banks' conduct in the run—up to the crash, which sparked a global downturn. ubs did not admit or deny the claims. a downbeat day in european trading. mostly to do with that disappointing chinese economic data. the ftse 100 is the ftse100 is down by 1.17%. a bit too early to show you data from the us because trading only began about ten minutes ago. but a lot of the major banks likejp morgan art down in the region of 1.5% because of reports that the ratings agency is going to downgrade at several of these banks. keep in touch with the @bbcbusiness team and me on social media. i'm @tadthnright. an extraordinary endeavour is taking shape. the painstaking recreation of the world famous sutton hoo burial ship, using tools anglo—saxon shipbuilders would have used, the latest recruits are three apprentice joiners. latest recruits are three apprentice “oiners. a ,, , latest recruits are three apprentice “oiners. _,, latest recruits are three apprentice “oiners. , ., ,, .. ., jo

. >>> we're back with news that swiss bank ubs has agreed to pay a $1.4 billion settlement, the final the justice department over alleged misconduct by big banks leading up to the 2008 financial crisis. prosecutors accuse the bank of lying about the quality of mortgages that were sold ubs did not admit or deny the claims, saying the deal would resolve all civil claims here in the u.s. >>> japan's economy is surging back to life gdp grew 6% in the second quarter, smoking expectations, thanks to a rise in exports. and the explosive growth in the world's third-largest economy could mean good news here at home cnbc's arabile joins us to break it down. good morning, arabile. >> yeah, good morning, guys. you're quite right that figure, 6% shooting the lights out on expectation of 2.9% for the gdp number out of the third biggest economy in japan. the real reason why this could really benefit u.s. consumers, u.s. retailer as well is because this is export led which means there's a lot more going into the u.s. economy as well which props up the demand and consumer intake as well into the unite

i would say deutsche bank but who are they competing against, other swiss banks i don't know or do --eutsche bank or jp morgan? >> that's a good question. they have nobody on the same level in europe but you have a lot of nich players. they will try to benefit off the client behavior and they will not have a concentration risk but everybody will try to get it piece of the cake here. every european bank wants to watch this merger closely because you suddenly see even though it was forced, it somehow seems to work. you now have a major bank here with like $5 trillion of assets under management. you need to compete against them so for the big players out there, you might want to consider a merger as well to get to the same scale but competing against ubs seems to be an upward battle. jonathan: didn't they get a partner for free? >> you could come to that conclusion. the price was very cheap but there are still risks associated with this merger and is not a done deal yet but it looks well for the time being. you can see the final quarter had a $10 billion loss in it, swiss francs loss. th

of suspension that i found has done and asked janice, bond money is being frozen in american and swiss bank. so covered the degradation disease in hunger are a major incentive for the production of drugs. and as i said, you know, the develop nations have rough environment and that's kind of stand. his bottom environment is one of the worst in the whole world. and so all these conditions are going to go deeper and become, you know, for people to resort to drugs in one way or another. and as i said, if you could been in the opium, certainly, you know, the mess from fed up in industry and the synthetic drug industry is going to to flourish. in other words, when you frustrate them, this, it economy, which it is, you know, nature international policies, reduction of the aid sanctions, you know, drought and so forth. then under these conditions and when there's no comprehensive development strategy for a status burn, then under these conditions it listed economy, wood, floors. there's no way to stop it. and what are the potential economic and social consequences of drawing up afghanistan is major

taylor green said she commented on the report of the swiss bank ubias on the growth of wealth. russian politician stresses that moscow has added $600 billion to its assets over the past year, while the us is losing trillions . and now i will say that what most americans do not know the united states is sending a billion dollars to ukraine every month. these are your taxes and they don't help. there, a billion dollars goes straight to the ukrainian government for the salaries of local officials in the united states . they are considering possible options for exporting grain from the territory of ukraine. the issue is being discussed with kiev and the euro. partners reported tass with reference to the american state department, the most likely route was the transportation along the danube of the details of this option. not yet, the united states emphasized and again called on russia to resume the grain deal. previously, similar words sounded out. there said they were concerned about rising world food prices. russia is also discussing with partners alternative ways to export produ

of suspension that i found is done and asked janice that money is being frozen and american and swiss bank. so harvard, the degradation disease in hunger are a major incentive for the production of drugs. and as i said, you know, the develop nations have rough environment and that's not a sand. his bottom environment is one of the worst in the whole world. and so all these conditions are going to go deeper and become, you know, for people to resort to drugs and one ways or another. and as i said, if you could been in the opium, certainly, you know, the mess from fed up in industry and the synthetic drug industry is going to to flourish. in other words, when you frustrate them, this, it economy, which it is, you know, nature international policies, reduction of the aid sanctions, you know, drought and so forth. then under these conditions and when there's no comprehensive development strategy for our standard time, then under these conditions it listed economy, wood, floors. there's no way to stop it. and what are the potential economic and social consequences of drawing up afghanistan's ma

that the iranians are still waiting for their money, which is going to be transferred 1st to a swiss bank account. and then from there they will be transferred to the atari national bank. at the faith of these 5 americans is that they are going to be held in a hotel and the capital was around the clock supervision, so they are under basically house arrest until the time for them to the parts iran . in the meantime, we've also heard from the deputy, you formed it ringing for administer the bowery, connie, who were in a tweet set that they've received as the assurances that they need, that this money will be released, as well as the fate of 4 radians that are being held in us prisons, they are going to be released as well. we don't have the identity of those arrangements at the moment. what is clear is the radians are now looking for a way out of this a deadlock that has been ongoing for the past 2 years. then you go, she ations that they've been having. and of course, at this shows a willingness from both sides that they want to de escalate tensions, as well as the important role of the ot

this situation , the russian federation is forced to sell half every month tons of gold through swiss bankso does not save the situation because it collapses the gold market a little and as a result we see that the russian ruble rate is quite serious what is the consequence of this? why are we constantly talking about this for two seconds? now we need to continue. we just need to remind the viewers who are watching us throughout the country that an air alert has been announced. this is important, so when you hear about us , please go to the shelter and write to us in the comments . what is the situation in your city or village where you are located, is everything calm, and we will continue to talk about the consequences that this can have, and coming to the consequences, i just wanted to formulate the question in a different way. economics is familiar with such a concept as psychological pressure, that is, when a certain limit is exceeded. for example, the course is society, business, but they react to it more like this, you know, with alarm, they understand that something is wrong, but in

thousands ofjobs will be cut as ubs absorbs credit suisse, in a takeover that is reshaping swiss bankingfit between april and june, in its first results since it bought its struggling rival. but the merged bank will shed 3,000 staff in the coming years as it aims to cut costs by more than £9 billion. around the world and across the uk. this is bbc news. they have a good amount of school uniforms and pe kits here, due to close are collected at schools across nottingham and washed before given to families who need some extra help —— used clothes. demand is increasing in the current economic climate.- is increasing in the current economic climate. this summer compared _ economic climate. this summer compared to — economic climate. this summer compared to last _ economic climate. this summer compared to last we _ economic climate. this summer compared to last we are - economic climate. this summerj compared to last we are dealing economic climate. this summer - compared to last we are dealing with around 55 children per week leading uniform whereas last year it was around 28 per week so it h

now, in a swiss bank is under some sort of trust. sorry, that does seem interesting, but man of us is interested in a dialog on economic stabilization. it's also notable that this time last year the usda is only boy on us. can women girls and human rights refuse to even sit in the same room as the interim? ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to be, sir. well though, on twitter, she says that was that the urging of civil society groups. she everytime see out, is there a washington opposition policy support is in bangladesh. so ronnie gaines, the police crank down and the rest of the demonstrators was talking about trying to be the post from the company dock of the opposition is continuing its demand for the resignation of the government and the formation of a caretaker administration. this is how i'm sorry, it is in bangladesh, responded to protest as on saturday, thousands of people that turned out demanding the prime minister's resignation and calling for the car

now, in a swiss bank is under some sort of trust. sorry, that does seem interesting. but man of us is interested in a dialogue on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refuse to even sit in the same room as the interim ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to do sir. on twitter. she says that was at the urging of civil society groups. she, everytime c, l g 0, washington was still a hands on l. just they are a russia blame is you trying to move in trying to tax and most go, including one of the building 2 days ago. and we'll look at the fix woman oceans and thailand to heaven on marine laws. the the other heat warnings are at the moment for the jordan valley where it is very hawks in the last week or so in greece and turkey. the terms that back down to more or less, whether it should be might get it faulty in cyprus. but the heat is really at these highest in those major and to the east and the levant. but again,

now, in a swiss bank, it's under some sort of trust. sorry, that does seem interesting, but man of us is interested in a dialog on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refuse to even sit in the same room as the interim ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to be se well though, on twitter. she says that was at the urging of civil society groups. she everytime see out, is there a washington the hosting of the region instead of god, at least 2 people have been killed in violence between police and opposition? suppose as of this money, some cause political policy was dissolved on monday. he appeared in, quote, it was charged with several offences including inciting insurrection. charles struck such reports from the capital duyka of to a for a hearing leading opposition fingerless, mon sankoh. we charge, or at least 7 counts, including cooling for an insurrection and endangering stat

now, in a swiss bank, it's on the some to, for us. sorry, that does seem interesting that the us is interested in a dialog on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refuse to even sit in the same room as the interim ask administer at this time there she did attend. the meeting was in the room for this meeting. she decided to do so without one twitter. she says that was at the urging of civil society groups. she everytime see out dra 0 washington spice. so has claimed responsibility for sunday's suicide bombing at a political rarely and pocket stone. at least 56 people were killed in the explosion and by show of which is near the f can. buddha focused on the prime minister, described it as an attack on democracy. come out, honda reports from the scene, if the blast saw a suicide bomber targets a political conference in northwest focused on hundreds of supporters of the drum. here there all of my alarm funds, the party were meeting the so i don't kn

the swiss bank ubs has agreed to pay a $1.1; billion fine in the us to resolve fraud claims stemmingal crisis. it brings to a close the last case brought by us prosecutors investigating banks' conduct in the run—up to the crash, which sparked a global downturn. ubs did not admit or deny the claims. around the world and across the uk. this is bbc news. his character spoke to me more than most of the superheroes and he is definitely one of my favourites. the best part is that it actually opens up and if ijust put it on really quickly... so i can actually do the full motion. you're live with bbc news. more than 1,000 people, including victims and witnesses, have had their data breached by norfolk and suffolk police forces. senior officers said the personal information was included in freedom of information responses — due to a "technical issue". the personal data included descriptions of offences including sexual and domestic assaults. i asked the former victims' commissioner for england and wales, dame vera baird, for her reaction. i am not comforted by norfolk and suffolk police sayin

now, in a swiss bank is under some sort of trust. sorry, that does seem interesting, that man of us is interested in a dialogue on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refuse to even sit in the same room as the interim ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to be, sir. well, though, on twitter, she says that was that the urging of civil society groups. she everytime see out is there a washington high school has came responsibility for sunday suicide bombing at a political rally in pakistan. at least 56 people were killed in the explosion in by sure, which is near the gun. buddha focused on 5 minutes to discuss. i have it as an attack on democracy. come, i'll hide a report from the scene of the glass shot. a suicide bomber dog. it's a pretty good confidence in northridge focused on hundreds of supporters of the jump. me a deal of my alarm for the party were meeting the so i don'

hundreds of billions of dollars last year, while the west lost trillions, according to a report on the swiss bankte sanctions, moscow added $600 billion to its assets while the united states became poorer by almost six trillion. if we consider the total losses of north america and europe, then about 11 trillion dollars, let me remind you, as a result of sanctions restrictions on the response of our country. the west lost russian oil and gas at attractive prices, and after july 17 also grain and fertilizer. chinese companies are investing nearly one and a half billion dollars in real estate development in saudi arabia , according to the saudi press agency , the relevant agreements reached in beijing on the sidelines of the saudi chinese business forum, we are talking about 12 eriya agreements. i also started building over 300.000 units, housing, investment the cost of these facilities exceeds $26.5 billion. completion of the issue let me remind you about the exchange rate for today dollar 96 rubles. 70 kop. euro 105 65 and that's all for now. a family is a cell of states, no one holds this cell to

now, in a swiss bank is under some sort of trust. sorry, that does seem interesting, but man of us is interested in a dialog on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refuse to even sit in the same room as the interim ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to be sir. well, though, on twitter, she says that was at the urging of civil society groups. she everytime see out, is there a washer? and the india is an old and state of how they are the result highlights have to at least 5 people were killed in violence. now the interest began and went ahead and do religious procession passed through a muslim dominated area around 50 kilometers from you tele, to police personnel, or monks to that. now the valid spilled over into the some of the capital where most was torched a and a west and states of my roster. in india, at least 16 people have died when a crane collapsed with the construc

swiss banking is back to making money, and there are a few signs anything will change. >> the demiseit suisse ripped through financial markets and shook the nation of switzerland to its core. >> it was no wonder possible to restore the necessary confidence. the stabilizing solution was absolutely necessary. this solution is a takeover of credit suisse by ubs. >> ubs tencent downsize credit suisse's investment banking business and align it with our conservative a risk culture. >> despite disappointment, months later silence has fallen over the alps. is the swiss serenity a sign of stability or complacency? women only got the right to vote in 1971. with a closed door government brokered deal backstopped by taxpayers, many hoped the rescue by ubs would be a catalyst for change. perhaps federal elections can offer an opportunity for debate many feel that moment may have passed. another concern, switzerland is a small country but it's baking sector underwrites risk across the world. ubs total assets stand at 198% of swiss gdp. on the surface all is calm, unemployment unmoved, inflation th

now, in a swiss bank, it's under some sort of trust sort that does seem interesting that many of us is interested in a dialog on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refused to even sit in the same room as the interim ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to do sir, what i want to. and she says that was that the urging of civil society groups she ever time see out, is there a washington the fighting between arrival on groups and saw the largest public opinion, refugee camp and 11 on us killed at least 11 people, an injured nearly 2 dozen others, the finance has forced more than 2000 residents from their homes in the i know how we come. the latest round of adams began to often attempted assassination on saturday. in retaliation fights a shot and killed a general of the security forces affiliated with the time i left them in move much was the i'm l ho. a refugee camp is near the southern lebanese city. have signed on, on this home

swiss bank ubs has agreed to pay a $1.4 billion fine to resolve fraud claims in the us stemming fromial crisis. it brings to a close the last case brought by us prosecutors investigating banks' conduct in the run—up to the crash, which sparked a global downturn. ubs did not admit or deny the claims. argnetina's central bank has raised its interest rate to 118% from the previous 97%, in a move which will devalue the country's currency, the peso, by around 20%. the move comes after rising support for ultra—right candidate javier milei ahead of the country's election. milei plans to axe the central bank and stop using the us dollar if he comes into power. and here in the uk, companies vying to buy wilko have been given until wednesday to make an offer for the homewares chain, which fell into administration last week. it is understood that wilko's administrator pwc has set a deadline to flush out serious bids for the firm. wilko, which has been trading since 1930, has more than 400 shops and employs around 12,500 workers. let's now talk about russia's currency, the rouble, which has been

if we would have chosen to spin off the swiss bank, we would have had to reduce it i 600, so the downturn0 people. then we have 2000 people who needs to be or will go through our redundancy, and because of the need of the restructuring. we are lucky that we have a very health labor market in switzerland, according to the employer's in the baking industry, there are more than 6000 jobs, open jobs. in switzerland, it is a healthy mark, and -- markets, and so we are also helping the people affected with financial, retraining, and so we try to mitigate the decision. of course, it is the painful part of the job, to go through this exercise. >> overall, 35,000 jobs? is it too soon to see what your final headcount will look like in two years? >> we are not talking about headcounts, other than the specific situation because of the size of the country, and the relevance of both organizations to the country, we would like to be specific about getting clarity on the decision. broadly speaking, you will see as the quarter goes by how the workforce is changing. what i can't tell you is that since the

were not giving 10% to a swiss bank account. this is aid from the american people who want you to do well and succeed and not go hungry. that program hasn't gone forward. we need to do a better job with our private-sector investment, of these private-sector companies are a result of the free enterprise we have in america. we want the more involved letting them know. the direct investment, we need to brand it and not be shy about it. there's something about the judeo-christian ethic we have that we don't want to tell people saying i'm giving you this and you owe me something for it. yet that's not how things work in the world. we need to be more upfront about letting countries no the american people are supporting them and we are helping them out not in a way to make them dependent but to make them prosperous. and the chinese do a great job of that. even if they eventually take the collateral back and own half your country. we do a better job explaining what the american government does so we know we are engaged and not isolation

sitting down with sergio ermotti, the ceo, what is the latest on the headcount in credit suisse's swiss bankingn't miss that interview. all of that, coming up on bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. no wonder xfinity mobile is one of the fastest growing mobile services. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com ♪ anna: this is "bloomberg