Thursday, March 12, 2009

UBS writedowns $1.3billion

A US legal settlement and new write-downs have added more than SFr1 billion ($1.3 billion) to UBS's losses and it expects earnings to be at risk for some time. UBS, Switzerland's biggest bank, posted a 20.9 billion Swiss franc loss for 2008, more...

Read more ubs suffers more losses...


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