Credit Suisse

Tim Craighead, Senior European equity strategist at Bloomberg Intelligence is joining us now for more. What's happened at Credit Suisse also making central banks rethink, but start off just by explaining to us the difficulties that Credit Suisse have been known for quite a long time. So what is it about the comments from the top shareholder yesterday speaking to Bloomberg that actually triggered the crisis? If I knew that for sure, I'd probably be on a beach somewhere.