UBS to Write Down Another $19 Billion

Filed under: Business News, Businesses, Economy, Feature — Michael van der Galien, Editor-in-Chief on April 1, 2008 @ 7:33 pm CEST

From the New York Times: “UBS, the largest Swiss bank, said Tuesday that it would write down another $19 billion related to the American real estate market and said that its chairman, Marcel Ospel, would step down.” (more…)

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