Monday, Apr 21, 2008
You would have thought these guys were smart! Guess NOT!
The Times Online: UBS admits list of errors before key meeting
UBS this morning detailed a catalogue of failures that contributed to a $37.4 billion (£18.8 billion) writedown, including the rushed set-up of its hedge fund business, overaggressive growth plans and a lack of risk management.
Guess there will be more of the same as more and more European and Asia banks come clean....watch this space.
Posted by rental john @ 06:31 PM (203 views) Add Comment
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