Monday, Dec 10, 2007
More to come
guardian: UBS writes off further $10bn on US sub-prime losses
UBS, the Swiss banking group, today confirmed the worst fears of investors by writing off a further $10bn (£4.9bn) on US sub-prime losses and reversing previous guidance by admitting it faced a full-year loss. It wrote off $3.4bn in the third quarter.
Posted by inbreda @ 09:19 AM (152 views) Add Comment
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