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This is Bloomberg Surveillance early edition with Francine Lacqua. Good morning and welcome to Bloomberg Surveillance Edition. Im Tom Mackenzie in London. And heres whats coming up on todays program. Credit Suisse shares fell to an intra day, a record low after Reuters reported Switzerlands financial regulator is reviewing comments made by Chairman Axel Lehmann to Bloomberg in December when he said outflows had stabilized. The Russian president, Vladimir Putin, is set to give his State of the nation address this hour after canceling last years event. We will bring you the speech live from Moscow. Also on the show. Well, Im really pleased all three years later is a radical change in the profit generation by geography. The Middle East alone last year generated one point eight billion of adjusted pre-tax profits. A troubled market in Europe three years ago produced and adjusted pre-tax profit of two billion dollars. HSBC considers a special pay out after pre-tax profit jumps 92 pe