UBS’s First An­nual Loss

The Washington Post - - Internatio­nal -

The U.S. subprime cri­sis deep­ened woes at Swiss bank­ing gi­ant UBS, which an­nounced that it ex­pects a $11.45 bil­lion hit in the fourth quar­ter and its first an­nual loss in its 10 years.

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