January 8, 2008

UBS boss says no further capital hike needed (AFP)

The logo of a UBS bank in Geneva. UBS does not need a new capital hike after Singapore helped plug a 10 billion dollar (6.8 billion euros) hole caused by the bank's exposure to the troubled US subprime home loan market, the bank's CEO Marcel Rohner said.(AFP/File/Fabrice Coffrini)AFP – UBS does not need a new capital hike after Singapore helped plug a 10 billion dollar (6.8 billion euros) hole caused by the bank’s exposure to the troubled US subprime home loan market, the bank’s CEO Marcel Rohner said.

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