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UBS Facing Battle on Facebook After Nasdaq Set Aside $62 Million

Nasdaq OMX Group Inc.’s creation of a $62 million pool to pay brokers that lost money in Facebook Inc.’s public debut shows how far apart the exchange owner is from UBS AG on who is to blame for losses in the botched deal.

Switzerland’s biggest bank said yesterday that its second-quarter profit fell 58 percent in part because of losses that exceeded $350 million in the May 18 initial public offering. UBS is among brokers including Knight Capital Group Inc. that have said they’ll seek compensation after a design flaw in Nasdaq’s computers delayed orders and confirmations just as the shares were about to start changing hands.