Credit Suisse accepted a $54 billion bailout fund from Switzerland’s Central Bank, after its share price plunged up to 30% on Wednesday. The nation’s second largest bank’s stock price rebounded on Thursday but with issues surrounding the bank for years, investors are asking if the bailout money will save it from more trouble.
Despite the bank crisis in Euro ... Show More
Yesterday
Trump plans to impose 50% tariffs on Brazil
The US president, Donald Trump, has made public the tariffs he intends to slap on imports from another group of countries, including Brazil, from the start of August. The chipmaker Nvidia has become the first company in the world to reach a market value of $4tn on Wednesday. Davi ... Show More
27m 12s
Jul 8
Trump threatens tariffs on copper
The US President Donald Trump has pledged a 50% tariff on imports of copper, which is critical to electric vehicles, military hardware, semiconductors and a wide range of consumer goods. Sam Fenwick hears from experts in the industry. Also, shares in major US renewable companies ... Show More
27m 7s
Mar 2023
Should I be worried about all the bank failures?
Are we in the middle of a financial crisis? Today’s show breaks down the latest bank crises — from Credit Suisse to First Republic.
Read more:
Another week, another banking calamity.
On Sunday, Swiss banking giant UBS came to the rescue of its rival, Credit Suisse. It was the fi ... Show More
18m 31s
Mar 2023
MM105: What just happened to Credit Suisse and should you be worried?
In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week.
In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK officials scrambl ... Show More
42m 2s
Mar 2023
Inside UBS’s takeover of Credit Suisse
After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss government and Credit Suisse’s crosstown rival, UBS, raced against the cl ... Show More
24m 43s