Re: UBS to Dou Diu

[Leegimeremover]

Swiss protest giant UBS bailout

13 hours ago

ZURICH (AFP) — More than 1,000 people protested Saturday at the headquarters of Swiss banking giant UBS in Zurich to show their anger at a 60-billion-dollar state rescue plan.

The demonstrators came from all over the country following an appeal from the Swiss Trade Union, or USS, which claimed that more than 3,500 people took part in the protest.

Protestors held up placards saying "UBS: The Union of Swiss Bandits," and "No looting of social funds by banks."

Switzerland unveiled a rescue package worth almost 60 billion dollars for UBS -- the largest Swiss bank which was one of the biggest losers in the US subprime crisis -- on October 16.

A senior UBS executive has meanwhile been charged with conspiring to defraud the United States of tax revenues and concealing around 20 billion dollars of assets from the Internal Revenue Service.

UBS clients have withdrawn more than 83.6 billion Swiss francs (70.1 billion dollars, 53.3 billion euros) between July and September.

 

[Hope]

Swiss protest giant UBS bailout

13 hours ago

ZURICH (AFP) — More than 1,000 people protested Saturday at the headquarters of Swiss banking giant UBS in Zurich to show their anger at a 60-billion-dollar state rescue plan.

The demonstrators came from all over the country following an appeal from the Swiss Trade Union, or USS, which claimed that more than 3,500 people took part in the protest.

Protestors held up placards saying "UBS: The Union of Swiss Bandits," and "No looting of social funds by banks."

Switzerland unveiled a rescue package worth almost 60 billion dollars for UBS -- the largest Swiss bank which was one of the biggest losers in the US subprime crisis -- on October 16.

A senior UBS executive has meanwhile been charged with conspiring to defraud the United States of tax revenues and concealing around 20 billion dollars of assets from the Internal Revenue Service.

UBS clients have withdrawn more than 83.6 billion Swiss francs (70.1 billion dollars, 53.3 billion euros) between July and September.

When UBS was in its last lag of its organic life,the fools rushed in,who are they?and how do they have these money?and did they reward themselves with peformance bonus.

Sin kies should ask,but they are totally clueless.

 

[kuntakinte]

Sigh.... I feel sorry for UBS.

I watched UBS grew from a small outfit at their former office at former Shell Tower (Battery Road) to where they are today.

In the mid 90s, you could see the staff coalition and you could feel that UBS is one fantastic company. Good staff welfare and growth triple on year to year comparison.

I feel the pain to see it going down like dominoes......

Swiss protest giant UBS bailout

13 hours ago

ZURICH (AFP) — More than 1,000 people protested Saturday at the headquarters of Swiss banking giant UBS in Zurich to show their anger at a 60-billion-dollar state rescue plan.

The demonstrators came from all over the country following an appeal from the Swiss Trade Union, or USS, which claimed that more than 3,500 people took part in the protest.

Protestors held up placards saying "UBS: The Union of Swiss Bandits," and "No looting of social funds by banks."

Switzerland unveiled a rescue package worth almost 60 billion dollars for UBS -- the largest Swiss bank which was one of the biggest losers in the US subprime crisis -- on October 16.

A senior UBS executive has meanwhile been charged with conspiring to defraud the United States of tax revenues and concealing around 20 billion dollars of assets from the Internal Revenue Service.

UBS clients have withdrawn more than 83.6 billion Swiss francs (70.1 billion dollars, 53.3 billion euros) between July and September.

 

[88max]

Need US$60 billions to the rescue ???
How much did temasek pump in the last time round ???

To think that they can save the bank.:p

 

[theblackhole]

one by one bye bye liao...good luck to everyone....the whole system is collapsing...closing and gone liao.