Occupy London has taken over a derelict, building owned by Swiss bank UBS. The protesters hope to take legal possession of the building through UK’s squatter’s rights, then open the venue as a “Bank of Ideas”, as Sarah Layler told the Guardian:

“The Bank of Ideas will host a full events programme where people will be able to trade in creativity rather than cash. We will also make space available for those that have lost their nurseries, community centres and youth clubs to savage government spending cuts.”

Situated on Crown Place, near Liverpool Street Station, in the East of the City, the UBS building is the third Occupy London site, following on from St. Paul’s Cathedral and Finsbury Square, Islington. The protesters plan to hold an inaugural conference, for representatives from the whole of the UK Occupy movement, at the building this weekend. This event will include comedy from Josie Long and a seminar from Alessio Rastani - the independent trader who made headlines with his comments about banking in September.

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Via the Guardian