Switzerland's biggest bank UBS unveiled massive new writedowns Tuesday and turned to its shareholders to prop up its capital base, as it became the bank worst-hit by the US subprime mortgage crisis.
Read full story
UBS world’s biggest subprime loser after fresh writedownsPosted by UK Economy News
In UK financial news
1Apr 08 Switzerland's biggest bank UBS unveiled massive new writedowns Tuesday and turned to its shareholders to prop up its capital base, as it became the bank worst-hit by the US subprime mortgage crisis.
Read full story No Comments Yet - You can be the first to comment!Sorry, comments for this entry are closed at this time. |
|