UBS Loses Over $7 Billion

UBS AG (UBS) announced it had a larger than expected loss of 8.1 billion Swiss francs ($7.57 billion) in the fourth quarter and would cut some 2,700 jobs to refocus on its home market. The loss was bigger than analyst estimates, which foresaw a 6.2 billion francs ($5.79 billion) shortfall.

by Mark Anderson | 02/10/09 | Stocks: UBS,

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UBS Loses Over $7 Billion

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Can Citigroup Be Saved?

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