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- UBS Warns
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From the Financial Times: UBS confirms facing further write-downs UBS on Friday confirmed it faced further heavy write-downs on exposures to troubled US credits, meaning earnings for the second quarter would be “at or slightly below” break even.
Europe’s biggest casualty of the US subprime crisis did not quantify its latest write-downs, which analysts have estimated at up to $7.5bn.
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UBS…
Original Source: feeds.feedburner.com
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4 July, 2008| housingblogs |
@ 6:37