The suprime fallout continues to spread.
UBS, the Swiss bank, has released 3rd quarter results that show a subprime-related loss of 4.2 billion Swiss francs ($3.6B US).
CEO Marcel Rohner said, "The range of possible outcomes is widening," according to Reuters.
Reuters: "UBS Posts Larger-Than-Expected Loss"
Tuesday, October 30, 2007
Breaking: UBS posts $3.6B subprime-related loss
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