UBS Writes Down $14 Billion, Loses Money for Year

CNBC - UBS said its mortgage-related losses were $4 billion more than expected in the last three months of 2007. The company wrote down $18.7 billion for the year. UBS said Wednesday its quarterly losses related to subprime mortgages would be more than its ...

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <img> <span> <hr> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <i> <b> <p> <br>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
sfy39587f02