October 30, 2007

Swiss bank UBS plunges to Q3 loss after US subprime crisis (AFP)

A UBS sign is displayed at a branch in Geneva, 01 October 2007. Switzerland's largest bank, UBS, reported its first quarterly loss in five years after its third quarter results were hit in the financial crisis caused by the ailing US home loans market.(AFP/File/Fabrice Coffrini)AFP – Switzerland’s largest bank, UBS, on Tuesday reported its first quarterly loss in five years after its third quarter results were hit in the financial crisis caused by the ailing US home loans market.


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