Good morning … CSFB has been saved … Credit Suisse statement said that it will borrow CHF 50bn from the SNB and announced public tender offers for up to CHF 3bn of its own debt securities. FINMA and SNB statement said that they “assert that the problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets. The strict capital and liquidity requirements applicable to Swiss financial institutions ensure their stability. Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. If necessary, the SNB will provide CS with liquidity.”