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bbc news, interlaken. let s turn to let s turn now to the global financial markets which have reacted nervously to sunday night s emergency takeover of the swiss bank credit suisse. the bank was bought by its rival ubs after regulators worked around the clock to secure the takeover. along with the collapse of two smaller us banks silicon valley and first republic, the problems confronting credit suisse had sparked fears over the global financial system, leading six central banks including the us federal reserve and the bank of england to announce new measures to keep cash flowing. well, joining me now is our new york business reporter michelle fleury. given switzerland s reputation as a safe haven as far as banking is concerned, how much of a shock was it, the news that ubs is coming to

Bbc newsCredit suisseFirst republicSunday night s emergency takeover ofSilicon valleyNew yorkMichelle fleuryBank of englandFederal reserveDoesn tSafe havenGiven switzerland