quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are st
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transmission operators in europe. yes, what we re all going to do is we have already got lots of plans working together to re purpose a lot of the gas pipeline is that, not just in the north sea, but within an hour, on land in our countries, so that we can start to introduce a blend of hydrogen and then hydrogen in the north sea and the hydrogen storage in the north sea is the last part of that because the geology is so perfect, we can put hydrogen in the north sea as the wind capability builds up and up, so when there is no demand and the wind is blowing, we can make hydrogen from that, store it in the north sea and be like the battery, the storage reservoir for europe, like the battery, the storage reservoirfor europe, all like the battery, the storage reservoir for europe, all working together through an immense network of pipelines. so super excited. it is fascinating stuff. obviously, we know hydrogen is renewable, unlike natural gas, but once you blend in with the natural gas, as