Archive for April, 2008
Just when you thought only U.S. financial institutions were in deep trouble, Switzerland’s largest bank UBS AG (NYSE: UBS, stock. VTX: UBSN) dropped another bombshell when it said it expected to post first-quarter net losses of a mind-boggling $12 billion and would seek $15 billion in new capital due to exposure in U.S. subprime mortgage. […]
... written on Apr 01 2008