UBS Writes Off $19 Billion

Discussion in 'World Events' started by NewsBot, Apr 1, 2008.

  1. NewsBot

    NewsBot Guest

    ZURICH, Switzerland (AP) -- Swiss bank UBS AG on Tuesday reported more serious damage from exposure to the U.S. subprime crisis, saying it would post first-quarter losses of $12.1 billion and that it would seek $15.1 billion in new capital....

    By ONNA CORAY

    Read the full story.
     
  2. NewsBot

    NewsBot Guest

    ZURICH, Switzerland (AP) -- Swiss bank UBS AG on Tuesday reported more serious damage from exposure to the U.S. subprime crisis, saying it would post first-quarter losses of $12.1 billion and that it would seek $15.1 billion in new capital....

    By ONNA CORAY

    Read the full story.
     

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