mr. dougan?> in terms of the overall financial results this is one element which i would say in seven years as a ceo i've been asked a couple handfuls of questions about the nna number so i'm not sure it's that important and issue that the investors focus on it at you are right to read. >> are you serious? that is not a factor that investors focus on? >> it is a factor but not high on the list of importance with most investors. >> would you say it's a factor for investors? would you say it shouldn't be manipulated from quarter to quarter to give a particular impression or toav or to avoid d image? >> of course. >> well that is what happened here. it was shifted around from quarter to quarter and it retroactively was shifted which didn't help switzerland were the swiss operation looked like a got a little bit of net nna. >> mr. chairman i understand of course when you look at that. >> that is the chart we are we are all looking at now by the way. >> one thing i wanted to add we have the discussion

mr. brady dougan. mr. romeo cerutti in cerutti switzerland. mr. hans-ulrich-meister .co head of the private banking asset management of credit suisse in switzerland and mr. robert shafir of private banking asset both management of the credit suisse ag in new york. we appreciate you being here this morning and look forward testimony pursuant to rule number 60 witnesses to testify before the committee are required to be sworn in and at this time i would ask you to stand and raise your right hand. do you swear the testimony you will get before the committee will be the whole truth and nothing but the truth so help you god? we will be using a timing system for the witnesses today. be aware that approximately one minute before the red light comes on you will see the light change from green to yellow giving you an opportunity to conclude your remarks. while the written testimony is printed in the record in its entirety we ask that you limit your oral testimony to 15 minutes and if you need additional time beyond that, i'm sure we can find a way to provi

mr. dougan as he goes up against carl levin and senators upset about the same kind of swiss bank accountyeah, i have lots of swiss bank bunkers hansspecial nichols has visited. thank you very much indeed. looking forward to "surveillance " in just over 20 minutes' time. how are the european markets? manus cranny at the touchscreen. markets.ly has been you are looking at equity markets that hit 60 or has yesterday around europe. growth -- hit six year highs estimate iran europe. 6 year highs yesterday around europe. you have chinese authorities lowering interest rates and banks being more cautious in terms of lending to property developers. cusp ofina be on the what we saw in the u.s. in 2008? s&p futures indicate .25% higher, housing data. hump of badthe weather. home sales, footfalls always har 3%. expected to fall over in europe, a couple stocks. day. taking a fairly tough they gave us their strategy yesterday which is all about convenience. lower by 4%. they are going for convenience, this is our major discount airliner, down over 400%-- down over 4.8%. >> coming up, fancy a pint? dis