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Shareholders attending the annual general meeting of UBS, Switzerland's biggest bank, in a concert stadium in Basel. There here was a revolt over the conduct of the banks's previous administration, which they regard as responsible for not only record losses for a Swiss company, following exposure to the US subprime market, but was also a major investigation for organised tax evasion by the IRS, which has called into question the whole concept of Switzerland's hallowed banking secrecy.

