Occupy London ( click title to entry - thank you) protestors look out from the roof of an unused building owned by UBS bank Photo: GETTY
...The building they have taken over at Crown Place belongs to, but is not occupied by, UBS and no business transactions take place there.
The activists plan to set up a "bank of ideas" there tomorrow and open the disused offices and meeting rooms to "those who have lost their nurseries, community centres and youth clubs due to savage Government spending cuts".
A programme of events has been drawn up, including talks from Palestinian activists and comedy by Josie Long, they said.
There are two separate worlds that are completely unrelated to each other facilitated by wrongful government that no longer serves the people, but, the interests of Wall Street. Completely separate worlds. Unrelated. Where is the governance that serves the people?
UBS Investing $506 Million in Sura After ING Asset Purchase (click here)
November 24, 2011, 2:47 AM ESTBy Blake Schmidt and Andrea Jaramillo
(Updates closing price in third paragraph.)Nov. 23 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, invested $506 million in Grupo de Inversiones Suramericana SA, helping the Medellin-based company raise funds to pay for its purchase of Latin American assets from ING Groep NV.
UBS bought 30 million shares for an average 32,500 pesos each, part of a sale of 120 million shares that raised 3.5 trillion pesos ($1.8 billion) in the biggest Colombian share offering in four years. The parent company of Colombia’s biggest lender said earlier this year it would raise as much as 3.9 trillion pesos in a share sale to help pay for the 2.7 billion euro ($3.6 billion) purchase of ING assets....
