The credit markets have been shaken by the dual troubles of US and European banks. Crucially, the Credit Suisse rescue involved bondholders taking a rare ‘haircut’. What does it all mean for investors? In this week’s Money Cafe, we cover the fallout from the bank crisis and whether the affair will trouble Australian bank shareholders? What are the issues for bank hybrids? And just who needs secretive Swiss banks anyway? Questions always welcome for the podcast to [email protected] Financial adviser Doug Turek of Minchin Moore is Wealth editor James Kirby’s guest this week.See omnystudio.com/listener for privacy information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.