UBS agreed to buy Credit Suisse in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global financial markets. Bloomberg Surveillance broke the news and got analysis from:

• Mohamed El-Erian, Bloomberg Opinion columnist 
• Joost Beaumont, head of bank research at ABN Amro Bank 
• Peter Tchir, head of macro strategy at Academy Securities 
• Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management 
• Mark Naur, a strategist at Danske Bank 
• Seema Shah, Principal Asset Management chief global strategist 
• Greg Peters, PGIM Fixed Income co-chief investment officer 
• Steve Pagliuca, Bain Capital Private Equity senior advisor 

Hosted by Jonathan Ferro and Lisa Abramowicz