
Gstaad
There’s fear and loathing around here, and it has nothing to do with lousy snow conditions. Fear that UBS, the biggest Swiss bank, is in trouble, loathing for those whose greed brought this about. ‘Reckless’ is now a synonym for ‘banker’ as the financial system teeters on the brink.

Disagree with half of it, enjoy reading all of it
TRY 3 MONTHS FOR $5
Our magazine articles are for subscribers only. Start your 3-month trial today for just $5 and subscribe to more than one view
Already a subscriber? Log in
Comments
Join the debate for just £1 a month
Be part of the conversation with other Spectator readers by getting your first three months for £3.
UNLOCK ACCESS Just £1 a monthAlready a subscriber? Log in