Mercedes Rule

Mercedes Rule, a Financial Times correspondent specializing in Switzerland's banking landscape, discusses the legal troubles haunting Credit Suisse and UBS over a $7 million payment linked to the Tuna Bonds scandal. She highlights potential compliance failures and how the case could impact UBS's liability post-merger. Meanwhile, Chris Smythe, public policy editor at the FT, elaborates on the UK's strategic agreement to increase NHS spending on medicines to avert hefty US tariffs, balancing costs and investment prospects in the life sciences sector.