u. b. s. which of course is taking over credit suisse. they're down deutscher, bank and tases apollo. so the major banks in switzerland, germany, italy, all down at the beginning of trading. investors right now are trying to understand sort of the new reality of where they stand and they're a little bit anxious. there are 2 things that really stand out. one is the scale of this deals. you said $3200000000.00 to the largest banks in the world. but also some of the details behind this deal. and that is the shareholders really took a major loss because of it. they weren't even allowed to vote on it. also that there was a certain class of bonds that are completely wiped out. so investors in those bonds not only in the credit suisse versions of those bonds, but the similar bonds that are there elsewhere with other banks. they're taking a look around right now, and they're getting a little nervous. and so that is really what's going on right now. not to mention it in the u. s, they're still unfinished business with another bank, their 1st republic. so that could also add to the jitters late

u. b. s, which is another switch bank or potential nationalization or may or may be rescued by another financial institution that is not was so it gives a bunch of breathing room. it goes ahead and quell the panic. and you know we will . ready way over the next weeks and months to see where credit suisse is going to go. yes, certainly an important distinction in the industry there between panic and fear. so in the us to one of 2023, we saw 3 regional banks collapse. the feds have taken over and then shuddered as the be signature bank and silver gate. lawmakers and people like treasury secretary, janet yellen tell americans that our banking system is faith. that these are isolated incidents. but dave, 3 banks in the span of one week on if faith means they are not isolated events, then a week later this banking giant credit suisse. so a few things here, if you can address for our international audience, these so called regional banks, s v b, signature and silver gate. they've got an international component to their business models as well. get into that for us. and why did us regulators allow thes

authorities announcing that the country 2nd largest bank credit suisse, which was in trouble, will be a is i will be rescued by u. b. s. switzerland's largest bank talks had me had been going on and on for some days now about the takeover of for katie. swiss, which has been in trouble on wednesday of last week. the swiss national bank offered a $54000000000.00 lifeline to credit suisse, but that failed to reassure markets. and now the swiss authorities announce, seeing that you be at the largest bank in switzerland will take over, credit suisse will have more reaction and analysis swap. the evening here on alger sierra, now in other news, a strong earthquake has kill at least 14 people in ecuador, and one in peru, the magnitude 6.8 trema. we're center south of ecuador, 2nd largest city. guayaquil, alix. there to reports. streets littered with crumbled facades. rescue teams in ecuador scramble to save those still. trips after the earthquake would have would be real good. the route, a part of a facade collapsed. them fell on a vehicle that had already been removed by the police. we had one victim without vital signs. a

u. 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 that russia's biggest ally could push it to end the destruction of beakers. she shipped kit that is impor

u b s. as a former c e o says you will return to lead the controversial takeover of trouble domestic violence. police and marty is credited with restoring u. b. s. reputation. following the 2008 financial crisis which he takes over in april the european union has agreed to allow retaliation against countries, but put onto economic pressure on block members to change their policies. the anti coercion instrument comes in response to china's trade restrictions on this widia after vilnius allowed to want set up a defacto embassy. their private chests are most often associated with lavish lifestyles. the machines used to ferry their owners to the laces high suffice event on the other side of the world. but that's not always the case. in our next report, we'll meet a millionaire who's put his aircraft to a very different use. the lights of fishing boats, not just a few vessels but a whole fleet. at thea, off the coast of argentina, the orland, emilio, we flew over this fleet for 30 minutes. let me know i must. and they were ever more lights that had been finished. it just wouldn't stop so lovely or glo. it's early evening. a private chat gets ready for take off at bonus avenue, as they say airport. the m

them. us authorities began investigations before the beginning of the recent banking crisis, which saw u. b. s agree to take over credit suisse. germany is bracing for severe transport delays and disruptions on monday. the country's 2 major trade unions verde and e v g have announced a nationwide public transport strike. verde is now demanding a more than 10 percent pay raise for public sector workers. a chat, g p t being bar, just some of the most prominent consumer facing ai applications out there. but how do they get so advance? well, there's a learning process and that takes constant feeding of the information. and that work often tedious, is done far away from silicon valley, and it's created a small industry of its own. take a look. rashni is one of some, 200 women who work at this data center in southern india. the 25 year olds job as a data worker and bob's feeding algorithms with new information. this just seems like a given a, giving an individuality to me. like i, i feel as an india that like i am earning know i'm a dependent and i'm her freedom of a like a financial freedom is some

valley bank and, and that spread a little bit with questions raised over at credit suisse, which may merge in c, u, b. s. m. yeah, yeah. does this is this banking crisis, wisdom, china, it's all or not, is china more insulated from some of these issues in the west? no, china, you know, we discussed this at the lancer many years ago with our american counterparts. we said that you need to reform your financial institutions. this kind of for casino capitalism has to be brought into play. always see the end me of the united see is nor china, not russia, but to wall street. you had, it has to be regulated. otherwise, you have the one crisis after another. in the year 2008, the crisis and the chinese came to help united states. and i said the back then i said the mind own business. next, i will not help you because after all, assistance, what happened was united states. in, in the famous fable, you know, a farmer and the snake in the aesop fables. i not great for it began to punish a china hostile to china and take all kinds of provocative actions against china. china, not happy about this. so not this tie s

u. s, which required government intervention. and you said in europe, credit suisse being bought by u b. s. and the repercussions of that for other banks in terms of contagion on the shaft prices is something which i think has been taken into account. and the reason why we seeing just a point, 25 percent increase here and in the u. s. is partly because of that and inflation is gone up, but it hasn't gone up only in february in the u. k. has gone having a number of countries in europe as well, and that's probably why the europeans are bank raises, own rates by 50 basis points last week. the 1st national bank has also increased its interest rate by half the point. switzerland's. key rate now stands at 1.5 percent. the banks ignored more hikes were possible. the move comes on the heels of turmoil, the swiss banking system. the state broke at a deal for banking giant u. b. s to buy its trouble driving credit suisse on sunday. moving onto the news now and another 8 cases of mob. a virus have been confirmed by the world health organization and equitorial guinea that brings the total number of case

u. 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, regulators would have to step in and take over the bank themselves. it creates a much more clear pict

s v b. as the bank has been taken over by the u. s. federal deposit insurance corporation, the silicon valley collapse also triggered the fall of a signature bank which was closed just 2 days off the s v b. the shock waves of the us bank in crisis of spilled over across the poland into europe, where credit suisse and bank stock has plunged by 20 percent this week. so consummate persistent inflation in the us and europe with the rates report at 6 and 8.5 percent respectively. banking and finance. professor richard van essays, attempts to curb inflation by injecting even more money as a recipe for disaster. a higher rates will give us the price stability. and by continuing to expand quantitative lee and in j more money, the supporting the financial system will really it's the other way around. i mean, they should, they should not raise interest rates, but tighten, then you don't have inflation. gomez will always say everything is fine, is going from grade to even greater. so we have to be very skeptical of that, particularly when governments impose policies on their economies that can only cripple the economy. and also europe imposing sanctions on russ

valley bank and, and that spread a little bit with questions raised over credit suisse, which made merging into u b. s. m. yes, yes, this is this banking crisis. wisdom, china, it's all or not, is china more insulated from some of these issues in the west? no, china, you know, we discussed this at lancer many years ago with our american counterparts. we said that you need to reform your financial institutions. this kind also, casino capitalism. has to be brought into play, always see the end me of the united sea is nor china, not russia, but to wall street. you had, it has to be regulated. otherwise, you have the one crisis after another. in the year 2008, the crisis and the chinese came to help united states. and i said the back then i said the mind own business. next, i will not help you because after all, assistance, what happened was united states. in, in the famous fable, you know, a farmer and the snake in the aesop fables. a not grateful is. there's it began to punish a china hostile to china and take all kinds of provocative actions against china. china, not happy about this. so not this tie s

shares are down 12 percent as it agree to buy a troubled rival credit suisse, which is seen it's shares nosedive. 62 percent u. b. s is paying $3200000000.00 to buy the bank and the state broker deal. the government says the deals the best solution to restore confidence in the sector. 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 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. we're going to cross to the volcano his life for us in london. we're in the 1st few hours out in this deal was announced. and what's the reaction been so far? world you could always hear the collective sigh of relief here in the, in the city of london. there is a real feeling that a major financial catastrophe has potentially been averted. we've heard from the bank of england saying that they have had that confidence r

and not just for the s b b bank, which is actually in trouble, but also to be considering it for all u. s. depositors in order to avert a domino effect. a lot. of course, that doesn't mean that the risk has vanished. damn it ali the petition. that's because other banks in the u. s. and elsewhere have a problem. they invested customer deposits in fixed interest government bonds to manage risk during a time of low interest rates. but now interest rates are rising again, causing the bonds to lose value. when investors begin to worry, a bank is crumbling, they withdraw their funds, and the bank runs out of money. a psychological fact is playing a part and causing people to panic or draw their money on investment and well, what's panic and what's rational in the u. s. we are currently seeing a drain and cash reserves at smaller banks than complying with bank. guys have extremely wealthy customers who figure a big bank won't be allowed to fail, they'll be bailed out, finished, you get the so why not just move my money? they're good. that that's an eminently rational line of thought. we got t

u. b. s. shareholders have also been denied opportunity to vote on this kind of take over, which would be the norm way to do things. i mean, the federal counselor was basically made use of emergency powers within the constitution to ram this through. now i think it's very questionable whether that's actually constitutional legal under swiss law. i mean, basically those emergency powers are supposed to deal with an incoming invasion of some foreign power or something. and that's or is not the case that is designed to deal with a bank being valued at the wrong valuation and the federal council thinking it might be better off if you gave that bank to somebody else. that's not the kind of emergency those emergency powers are designed to deal with. so i think this is not going to stand up the legal challenge by necessarily i think the credit suisse channels are going to be run into the courts and say, this is not going to stand. we're going to of challenges and try and reverse this decision. this was unconstitutional and the legal action on the part of the federal council. so this deal could still

we respect a country which enjoys financial support from the u. s. n. b is constantly roth by political and corruption scandals. but all that didn't stop mo, google obtaining you candidate status in 2022. mm. the tied to the prometheus believed in men and sided with m. o, he stole fire from the cruel gods and gave it to humanity. ah, the gods chained the titan to a rog and a huge eagle devoured his liver every day. but the darkness when had wandered before had already been dissipated by the bright flames they had obtained from him. ah.

there is a hsbc, standing out of the h as b, yours largest bank where which actually took on for a nominal one pound the s v b banks u k arm on monday. that was a massive relief for the tech sector. but really, it can't be read that this is the way forward, right across a international markets and with small banks getting into troubles. but the overall view from analysts says, this is not going to be anything like a 2018 banking crisis, or more like a number of small banks getting rattled over interest rates are but interest rates are key to this and also government bonds because so many banks have relied on, on government bonds are as being worth more than they actually are applies to all banks, but the big banks are not as reliant on this. so we're getting a pitcher now whereby there is still uncertainty. there's still a rattle amongst investors who been warned by in america by the president joe bark brighton at. the investors have no protection and that's causing more and more unrest and difficulties in the markets of zeros. answer simmons live in london. many thanks, andrew. susanna streeter is the head of money

u b u b. s. excuse me. european indexes, continuing their gains early tuesday by recovering bank stocks. bless our show, you can always find out more online e w dot com slash business, which also check out our youtube channel. d w. news fall with ah, listen. hearing loss is often the result of injuries to the eardrum, addressed in team of scientists is researching artificial replacement, a chance for people. so i'm wondering from the condition to morrow to day. oh d, w at these places in europe or smashing all the records slip into a bold adventure. it's the treasure map for modern globetrotters. discover some of european record breaking sites on google maps to and now also in book form the human body is truly amazing. with all that, it's able to do what can the way we move reveal information about our overall health class could bacteria fe to is provide the answer to antibiotic resistance and can we repair broken bones even more effectively.

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 class of 2 bags in the us. here's the swiss president, alamba say speaking as the deal was announced, the liquid at the 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 a takeover of credit histories by u. b. s. it is supported by the for the rights on sil following several meetings with the c national bank. we've our regulator, the fema with crazy stories, and you'll be us and pretty much can't see, welcomes the stakeholder and is supporting it by guaranteeing the framework conditions necessary for its success. steven beardsley from the w business is with us now in the studio. steve, a forced takeover of switzerland, 2nd biggest bank. how our investors reacting? yeah, we've seen today th

u. s. the basel rules were only applied to the large banks that so banks like at 3 b, which was the 16th biggest bank in the u. s. weren't really on the sort of type regulation that the major money center banks were. ok, you say we don't yet know how many people will be affected. give us the, the worst case scenario. not that i want to fear munger, but obviously we're all, we all have 2008 right in our minds in the financial crisis. give us the worst case scenario and then give us what you think will actually happen. well, i think the worst case scenario because what, what we've got here is effectively imprudent accounting practices. they basically moved a lot of that loss making assets are the ones which they invested in the so called site facets of us treasury. u. s. mortgage backed securities and said they were going to be held to maturity, but eventually people. so to say, well, when you, when are you going to actually mark this to market? when they did, they decided that they need to make a right? so she would just didn't go through. the problem is that there are a lot of other people sitti

we respect a country which enjoys financial support from the u. s. n. b, you is constantly roth, by political and corruption scandals, but older didn't stop mo, google obtaining, you can do that straight as in 2022 every year, the 1600 people gather in the center agree go to commemorate the lamp in soup fault with nazi germany. in beth and essence detachments during world war 2. this day is known as legion in a day to complete on monday when you get there at the milligram on building. so there was a half, so i just saw me. paula just got started with advocates. if the veterans claim the lengthy and soldiers had nothing to do with the trustees committed against jews, despite historical evidence that proves that contrary with boldness and my consistency, russia concluded with a linda, a finance monitoring machine to receive the thumb portion. so switches to 2 nights with you did them up with a good talk with us before. yes. let me go to which course you're proceeding. familiar, what it is behind you when you buy, give me an article daughter completed. i go

are we respect of the country which enjoys financial support from the u. s. and b, you is constantly roth by political and corruption scandals, but older didn't scope. moldova, obtaining a you can do that straight as in 2022. ah ah ah ah welcome back to the whistle blowers i'm john kerry arco were speaking with us military was the blower, joe hickman. joe, good to have you back. as i mentioned you and i wrote a book together on the capture torture and imprisonment of i was a beta. but you went on to write this highly acclaimed book on the u. s. military's use of burned it. what led you to this issue and what kind of reception did you get specifically from the military? once you began documenting the case against the burn pit was let me get yours. my 1st of all came out of the army sold user reaching out to at that time saying great, that was the one soldier, one they weren't really thank you. great. so told her story and then they start hacking, just popping away cheese. there's your case that i'm sorry i brought back from you tell me what happened. he told me, he

u. s. which required government intervention . and you fed in europe, credit suisse being bought by u b. s. and the repercussions of that for other banks in terms of contagion on the shaft prices is something which i think has been taken into account. and the reason why we see just a point, 25 percent increase here and in the u. s. is partly because of that and inflation is the right to say has gone up, but it hasn't gone out only in february in the u. k. has gone having a number of countries in europe as well, and that's probably why the europeans of the bank raises rates by 50 basis points last week. and do you think that the interest rate rise alone? does it address any of the fundamental causes of inflation that we're seeing in the u. k. such as the failure in the energy market of the global supply chain shock? i think most of the factors i have contributed is very substantial. increase in inflation in most countries have tended to be international once the energy prices, as you rightly suggests, but also food prices that had gone up very significantly. and a lot of supply chain issues.

so the challenge for you, yes, is to ensure that any parts of credit suisse, which effectively enter the u. b. s. system have to be brought up to the u. the s standard for the customer. it's all about confidence in the bank and confidence for the bank customer be corporate, or the general public. i mean, do you think this buy out in general terms will settle the markets in switzerland because at the moment the market saw a tanking a little bit when it comes to this that the news is emerging now. yeah, i think, you know, fundamentally, markets have a tendency to get very, very jumpy wayne things like this are happening any form of instability somewhere there is a ripple effect across the world and, and everyone. so that is taking a protective position. i think as long as the way that this is going to be done is presented to the market in a credible manner that the market believes is, is going to work. then everyone's going to calm down a bit. now, from the perspective of customers, yes, you know, there are a number of issues, but fundamentally you have to put your money in a bank somewhere. and c

are we respect of the country which enjoys financial support from the u. s. n. b, you is constantly roth by political and corruption scandals. but all that didn't stop mo, google obtaining you candidate status in 20222011 . the largest escalate ever recorded in japan is registered. a 14 meter tsunami devastates the fukushima di each in nuclear power plant, a. the nuclear intensive, flooded sparking and horrific disaster with i old sort of albany eventually via an italian journalist living in japan decided to go to the area of the nifty, a meltdown from fukushima immediately about the foot of the insure a jordan takeover. so i'd love to talk to somebody about the with the minimum for ya. investigation starts to watch on our t. mm. ah, ah, thousands of protesters take the streets and mold go by demanding. the nation's leader resign as authority clamped down on the wave of demonstrators converting on the capital beijing appointed new defense minister put under us. thank you. as the country's president shooting pain makes history being elected for a 3rd consecutive te

we respect of the country which enjoys financial support from the u. s. n. b, you is constantly roth by political and corruption scandals. wow. but all that didn't stop moldova obtaining you candidate status in 2022 a year with hello and welcome to cross stock were all things are considered? i'm peter lavelle. china has performed a master stroke of diplomacy. it is brokered in agreement that we'll see a ran and saudi arabia again re establish diplomatic relations. this could be a step not only to reorder the middle east, but also usher in an air of stability in the region. today, washington is the odd man out.

we respect a country which enjoys financial support from the u. s. n. b, u is constantly roth by political and corruption scandals. but all that didn't stop mo, google obtaining you kind of the state is in 2022. ah, now if up headlines right here, we're not the international. at the head of the wagner group says russian forces have essentially so rounded, the stronghold of ukrainian troops in the don't republic. the city of trauma, also known as black mood correspondence are on the ground. we are in the very yet we sent ill be wagner's company zone slaughter in the city of thomas the white smoke you can see rising over there while it is rising from ukraine's positions just a couple of drops away russian authorities to release footage from the scene of a deadly terrorist attack and which civilians were killed near the ukrainian border on rush.