Swiss National Bank to save Credit Suisse

Credit Suisse will borrow CHF 50 billion from the SNB and make a tender offer to buy back up to CHF 3 billion in Dollar and Euro-denominated debt. European Central Bank officials have a crucial decision to make today as they consider whether the market turmoil surrounding Credit Suisse is severe enough to derail a long-anticipated interest-rate hike. Jeremy Hunt's decision to inject more than GBP 20 billion into the UK economy may push the Bank of England to raise interest rates again. Mathieu Racheter, Head of Equity Strategy provides an update on European banks and Carsten Menke, Head of Next Generation Research shares his thoughts on the impact of the market turbulence on the gold and silver markets.00:14 Introduction and markets wrap-up by Alex Petersen (Investment Writing)02:46 Thoughts on European banks by Mathieu Racheter (Head of Equity Strategy Research)05:17 Impact of market turbulence on the gold and silver markets by Carsten Menke (Head of Next Generation Research)08:10 Closing remarks by Alex Petersen (Investment Writing)