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Real Estate & Property Law

: Housing Wire

UBS Loss Narrows, Capital Ratio Slips

By DIANA GOLOBAY

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Swiss banking giant UBS (UBS: 14.33 -1.71%) posted a net quarterly loss of 1.98bn in Swiss Francs (CHF). This is equal to $1.75bn and represents a narrowing from the $8.45bn (CHF9.56) loss taken in the previous quarter. A $530m (CHF600m) goodwill impairment charge relating to the sale of UBS Pactual, in concert with risk positions — [...]

Full post as published by Housing Wire on May 05, 2009 (boomark / email).

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