removal of banks, ubs and credit suisse, the removal of credit suisse also reduces removal of credit suisse also reduces customer choice and will create reduces customer choice and will create redundancies in switzerland which create redundancies in switzerland which is create redundancies in switzerland which is quite a small economy. as which is quite a small economy. always, good which is quite a small economy. is always, good to which is quite a small economy. sis always, good to get your thoughts. with the latest on the future for ubs and credit suisse. let us take you to the developing story in the uk, questions are being asked about the future of thames water. it is saddled with £14 billion worth of debt and could be taken into public ownership. that is one option being considered by the government. the boss resigned with immediate effect. let us speak to an investor, lovely to have you with us. we should stress we do not have many details. this is a report suggesting i
as economics and business. particularly when it comes to switzerland, there is quite a special relationship, explain why politics plays into decision making. the problem is credit suisse had got to the the problem is credit suisse had got to the point that credit suisse on the global market was no longer credible the global market was no longer credible. the swiss government were faced with credible. the swiss government were faced with the potential of the swiss faced with the potential of the swiss banking system effectively imploding so they created a forced marriage imploding so they created a forced marriage for ubs to effectively save credit marriage for ubs to effectively save credit suisse and save swiss banking which credit suisse and save swiss banking which also credit suisse and save swiss banking which also potentially saved a massive which also potentially saved a massive problem with the global banking massive problem with the global banking system. bu