Wednesday, April 15, 2009

UBS faces $1.8 billion loss, will cut almost 9,000 more jobs - MarketWatch

By Simon Kennedy, MarketWatch
Last update: 10:25 a.m. EDT April 15, 2009

LONDON (MarketWatch) -- UBS shares fell as much as 9% Wednesday after the struggling Swiss bank said it expects to post a loss of nearly 2 billion Swiss francs ($1.8 billion) for the first three months of 2009 and added that nearly 9,000 more staff will lose their jobs.

http://www.marketwatch.com/news/story/UBS-faces-18-billion-loss/story.aspx?guid=%7B8B7933AE%2D20F2%2D4C5F%2D8834%2DA67C9DBF56C5%7D

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