UBS 3Q Loss May Hit $690M From Subprime (AP via Yahoo! Finance)
Story date: 2007-10-01 05:52:05
Added on: 2007-10-01 11:00:16
Losses linked to the collapsing market for U.S. subprime mortgages will force Swiss banker UBS to post a larger-than-expected loss of up to $690 million in the third quarter, cut nearly 2 percent of its staff and replace top executives.
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