Swiss furious at the UBS. Can you blame them?

In Zurich, UBS head office sits astride Paradeplatz - Parade Square to you and me. 

But in recent months, the Swiss have renamed it Piratenplatz - or Pirate Square - to signify what they believe is the daylight robbery that has taken place over the last 12 months. Not of their biggest bank, but by it. 

When the news began to trickle out that UBS was in big trouble because of its exposure to sub-prime mortgages, there was first surprise, then concern, and then finally, as the multi-billion pound extent of the losses became clear, fury. More...

See also:

1. Swiss bank UBS scraps contentious bonus system...
2. Switzerland: Protestors target UBS and the "bank billion rip-off..."
3. Switzerland: top bankers bonus payouts come under fire...
4. U.S. super-rich and Swiss bank UBS in murky waters...
5. What the UBS's $37 billion loss could have bought...