Friday, 12 December 2008

Suits and us - UBS

OK, so it's a bit cheap of me to poke fun at UBS' carefully crafted (and no doubt expensive) slogan - but you have to laugh! Stepping back from things, the sheer hubris of those ads in daily newspapers and TV slots should have been a warning that the once-prudent private bankers had gone completely off the rails.

Still, let it not be said that the Swiss don't have a sense of humour. A Zurich suit boutique is offering clients the option of paying for their purchases in UBS shares - at a 40% premium to Friday's closing price. I hope it goes well for that shop owner - at least someone might make some money out of this mess!

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