The New Zealand sharemarket took a hit when trading opened this morning, following the biggest global banking crisis since 2008.
The New Zealand market was the first in the world to open after a takeover deal backed by the Swiss government was announced for Credit Suisse.
The Swiss bank UBS has agreed to buy its rival and assume millions of dollars in losses, in an effort to avoid further market-shaking turmoil.
Craigs Investment Partners - investments director Mark Lister spoke to Māni Dunlop.
