December 10, 2007

Subprime forces UBS to write off 10-billion-dollars more (AFP)

UBS logo at its headquarters in Zurich. Switzerland's largest bank on Monday announced further writedowns of around 10 billion dollars (6.8 billion euros) due to the US subprime mortgage crisis(AFP/File/Fabrice Coffrini)AFP – Switzerland’s largest bank UBS on Monday announced further writedowns of around 10 billion dollars (6.8 billion euros) due to the US subprime mortgage crisis.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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