Wednesday, October 31, 2007

UBS HIT BY SUBPRIME (New York Post)

ZURICH, Switzerland - UBS AG swung to a third-quarter net loss yesterday, largely as a result of bad investments in U.S. subprime mortgages, and said the problems aren't over. UBS had a third-quarter loss of 830 million Swiss francs ($712 million)...

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[Source: Yahoo! News Search Results for mortgages]

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