UBS Poses Too Big a Risk - 

Switzerland's former finance minister is sounding the alarm. 

"...If you look at the numbers alone and compare UBS with the Swiss economy, it is too big," Maurer told newspaper Tages-Anzeiger. "Therefore, the risk must be reduced."

At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank exceptional weight for a major economy.

Should the bank fail, there are no local rivals left to absorb it, while the cost of nationalisation could severely damage public finances, experts have warned..."