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UBS posts $13.7bn sub-prime write-down

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UBS posts $13.7bn sub-prime write-down
in The Telegraph UK News of the BIZFACE NEWS forum: UBS has reported the biggest ever fourth quarter loss by a bank after it made a $13.7bn (£7bn) write-down on positions related to the US sub-prime mortgage ...

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UBS posts $13.7bn sub-prime write-down

UBS has reported the biggest ever fourth quarter loss by a bank after it made a $13.7bn (£7bn) write-down on positions related to the US sub-prime mortgage market.

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