of that transitional council were accused basically of a shape down of the director of the national bank of credit in height in height in height. and gary calling to be entering prime minister actually wanted them removed from the account. so it turned into a bit of a power struggle and it seems in the end, if he accepts it, that he will then be out instead. but really this goes back a lot further than this. the last elections in height to were in 2016, the president from those elections was an assassinated in 2021. and the country since then has been in a complete limbo of governance, complete, and at gridlock said not low trust. and the politicians may, i haven't been able to work things out this transitional count. so was the great hope the by february of 2026. that was a timeline that again be elections in the country. so it froze up in the not just womans jobs, but that whole process in a country that is completely believed. good right now and um, on this all seems to be positive and increasingly dire situation. heights is and to a yeah, this is a country in which about 85 percent. the capita

members of the council were accused to basically a shake down of the dire direct for the national bank of credit. gary co last for them to be removed. that then lead to a power struggle. it's being reported in the b and the person who is set to be kicked out as long as he accepts that the moment he's saying it's illegal is same. but at the end of all of this, this is not the transitional counsel that's really in charge. and hate say it's the gang split control about 85 percent of the cap to pull to prince. and john, this all seems to be part of an increasingly di situation and hate seeing was many warnings from the rental server at most recent me from the walls of food program saying it's a spiraling crisis. and you're exactly right. well, for your program, another for it's, he's been saying, and it's not just now it's for some time in hate say the move and haul from the country is going hungry. and then now saying that they see pockets of funding, there's little, say, 700000 people that have been displaced. and what's been happening is and gangs have search control over the territories and even

because 3 members of council were accused basically of a shake download the director of the national bank, who credit in the country cannot win. it's one of those people removed that was then a tussle for power in india and it seems that it will be him on his way out if he except stop. because at the moment he's saying that that process is illegal. and this all seems to be positive and increasingly di, situation in the country or yeah, completely, the 85 percent of the capital is estimated to be in the hands of gangs at the moment. and those gains are provided king not just motor, not just a new thing, and taking money, not just i'm holding hostage randy the roads of that, of that country. but they're also provoking hung up. we've got a situation in which move in hall. so the population is regularly missing meals and the co kits of simon in some parts of haiti. there's a, there's a situation in which games rules are using right basically as a weapon to control the parts and territories that are under the control. so it's a reading desperate situation in the country that's been going on now for some t

of regulation globally so, for the reason that i just mentioned. >> in europe historically you have these national champion banks which are just incredibly weak compared to global banks. we will talk about what happened with crediteps in a minute. to what end is that sort of nationalism coming back and you end up with these smaller fragmented weaker players. >> it is important to guarantee the wealth, the functions of the financial system being a national champion for there being no way to grow. for that economy. serving your client when they go up. being a national champion does not just mean starting your client locally. >> at national and global is not in contradiction or even conflict. so, this is something that has not been developed in europe. there is a tendency to look at winning rather than the european championships. you took over a credit sweep about a year and a half ago. what are you finding as you have gone through the banks very close to failure. >> the acquisition is global systemic financial institution emerging. it is growing as a plant in terms of where we stand at 15 miles we executed a merger of the operating companies. starting with the client into the u.s. platform. it will go on for anoth

national securities regulators get a lot of information, a lot of oversight. what we are concerned about is any sort of knee-jerk overreaction that begins to treat private credit like a bankare clear differences between private credit and bank-like financing. private credit firms have investors. they don't have depositors, there is little risk of a run in a private credit fund. unlike a bank where there is a mitch matt -- mismatch of my ability. they are independent and silent from each other. there's the risk of contagion, so we are worried about it taking a bank like approach to private credit. tom: jamie dimon and jp morgan may take issue, but i will let that run. you are in the u.k. in london, what is the investability of the u.k. now versus pre-election, what are your members saying, was that an antigrowth budget we saw from the u.k. chancellor? what is the investment appetite? cracks in the past few days i met with a number of u.k. officials in the knupp -- the message i'm getting is we want growth, we want businesses to come to the u.k., what can we do to reform our markets to make them more attractive? thanks like changing the securitization rules, looking to prom

of naivety to ever think there's a perfect alignment globally. >> if your business in banking, you've seen this historically you've seen the national champion banks which are incredibly week, you've lost share and talk about creditin a minute. to what end is this coming back and you end up with smaller fragmented weaker players. >> national in banking are important to guarantee in each country the wealth, the functioning of the financial system, the banking system, but being national champions has no way to grow and together, with its client. particularly if you have exporters economy. you need to serve your clients. so being a national chance not just to serve your client. and being national and global player is not in contradiction or conflict. this is something that hasn't been developed in europe because of the reason i mentioned before. there's a chance to winning the european championships or the global championships, which is a limitation that we need to address. >> you took over credit suisse, what are you finding, going through the books of a bank that was very close to failure? >> the acquisition of credit suisse is the history of global systemic financial institution merging, and it's going as planned