UBS cuts ARI to sell, page-8

See what the swiss are up to overnight? The C.B. Pulled the S.F. Euro cap and are now "paying" negative 0.75 % interest to depositors, up from negative 0.25%. The gouging never ends.

The commercial banks keep angling for bigger pieces of the global economy, which is why they are waging war on entire economies now in an effort to up their trading revenues.

Never fails to amaze me how, given how closely the the state of the world is as a result of the large banking groups, how they keep avoiding the attention of Al Qaeda and the like who instead seem to prefer to focus on killing some innocent chumps going about their shopping. Now it has come out in the past that major global banks have been funding terrorism and illegal arms and drug trade, so I guess that is why they are never touched. Dont bite the hand that feeds....