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Real Estate & Property Law

: Housing Wire

UBS Expects Loss, Head Count Reduction

By DIANA GOLOBAY

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UBS (UBS: 10.97 -1.97%) expects to post a loss of almost $1.75bn (CHF 2bn) in Q109 and to cut its head count by approximately 11%, according to early reports released Wednesday. The exact source of these losses are elusive, yet contribute to the darkening banking market across the pond. “The loss stems from a negative contribution [...]

Full post as published by Housing Wire on April 15, 2009 (boomark / email).

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