UBS To Post Bigger Net Loss: $18 Bln

11 Mar 2009

UBS has reported a net loss for 2008 a figure greater than earlier estimates. In its full-year earnings report,

UBS has reported a net loss for 2008 a figure greater than earlier estimates. In its full-year earnings report, UBS said its net loss had risen to CHF20.9 billion ($18.06 billion), up from CHF19.7 billion ($17.05 billion). The bank explained that even after substantial risk reduction, its balance ...

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