UBS: Lose a Few Billion, Win a Few Billion
It was déjà vu all over again for Swiss financial giant UBS on Dec. 10 after the bank announced a second writedown of subprime mortgage holdings in a matter of months, this one for $10 billion. Investors took the news surprisingly well, though, because on the same day UBS (UBS) unveiled investments from the government of Singapore and an unnamed Middle East source that will inject $11.5 billion into the European bank.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.