Tuesday, February 10, 2009

UBS posts biggest loss in Swiss corporate history - Yahoo! News

ZURICH (Reuters) – UBS (UBSN.VX)(UBS.N) posted the biggest annual loss in Swiss history and said it would cut a further 2,000 investment banking jobs as it looks to rebuild its damaged wealth management brand. The bank had already announced 7,500 job cuts as a result of the crisis.

http://news.yahoo.com/s/nm/20090210/bs_nm/us_ubs_results

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