October 30, 2007

UBS loss more than expected (Reuters)

A UBS branch in Zurich in a file photo. UBS reported its first quarterly loss in five years after hefty writedowns on subprime-related investments, but said it expects to turn in a group profit in the last quarter. (Sebastian Derungs/Reuters)Reuters – UBS AG reported its first
quarterly loss in five years after hefty writedowns on
subprime-related investments, but said it expects to turn in a
group profit in the last quarter.


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