UBS reports first quarterly loss in five years on U.S. subprime mess

Story date: 2007-10-30 12:42:00
Added on: 2007-10-30 18:28:28

International Herald Tribune - ... UBS on Tuesday reported its first quarterly loss in five years as a result of bad investments tied to subprime mortgages in ... asset management at UBS still showed a pretax profit of 369 million francs, although it was down 18 percent from the second ...


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