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Bank shares slide after UBS agrees ‘emergency rescue’ of Credit Suisse – business live

Calm returns, but fears of another selloff remain

Some calm has returned to the financial markets, after a choppy start to the morning after the emergency rescue of Credit Suisse last night.

The FTSE 100 index is now flat, having been down almost 2% at one stage in early trading.

Bank stocks have recovered some ground, after European regulators insisted that under their rules common equity would be wiped out before AT1 bonds were triggered…


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No upsets in the women's tourney, huh?

No upsets in the women’s tourney, huh?

Trump calls for contest to create futuristic ‘Freedom Cities’

Trump calls for contest to create futuristic ‘Freedom Cities’