UBS
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News
- Late in January 2008, UBS suffered a further $4bn writedown on its mortgage-related securities, leading it to predict a SFr4.4bn ($4bn) group net loss for 2007. UBS' full annual results would be released two weeks hence. The company's net profits is 2006 were reported at SFr12.3bn. The latest writedowns take to $18bn the total UBS has lost in 2007 on US mortgage-related securities, including $4bn of writedowns reported in the third quarter.[1]
- UBS FINANCIAL SERVICES INC - NFA ID: 0001366
References
- ↑ "UBS hit by further $4bn writedown,” Jan. 30, 2008. FT. Retrieved on Jan. 31, 2008.
