Expressindia.com logo Expressindia.com 1 month ago

UBS posts $552-billion loss

RNRL's submissions on the MoU : UBS AG, Switzerlands largest bank, posted a fourth straight quarterly loss as wealthy clients withdrew funds from the private bank and the company booked a charge to reflect an improvement in its debt. Full Article at Expressindia.com

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  1. ZURICH Swiss bank UBS AG reported a third-quarter net loss of 564 million Swiss francs ($542 million) today, blaming accounting charges of 2.15 billion francs for keeping it in the red. Full Article at The Shreveport Times

  2. Swiss bank UBS said it did not expect an immediate recovery of client inflows after a higher-than-expected accounting charge and withdrawals at all its key divisions pushed it into another quarterly loss. Full Article at CNBC

  3. The Irish Times takes no responsibility for the content or availability of other websites Switzerland's largest bank UBS today reported a fourth consecutive quarterly loss after a charge to reflect an improvement in the company's own debt outweighed a... Full Article at Irish Times

  4. Nov. 3 (Bloomberg) -- UBS AG, Switzerland’s largest bank, reported a fourth consecutive quarterly loss after a charge to reflect an improvement in the company’s own debt. Full Article at Bloomberg.com

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  1. Designated new president of the Swiss National Bank (SNB), Vice-Chairman of the Governing Board of the SNB Philipp Hildebrand addresses a news conference in Zurich December 10, 2009.
  2. A man walks by a screen showing stock prices at the London Stock Exchange in the City of London, Tuesday, Nov. 3, 2009.
  3. FORT LAUDERDALE, FL - OCTOBER 30:  Businessman Jeffrey Chernick (R) walks with his lawyers as they exit the Federal Courthouse where he was sentenced to three months in prison for hiding $8 million in assets at the Swiss bank UBS AG on October 30, 2009 in Fort Lauderdale, Florida.

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