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UBS in financial trouble

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11-21-2007, 12:09 PM

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UBS in financial trouble

There are reports that UBS may have hit financial difficulty and investors are awaiting news from the bank on the size of its exposure to sub-prime mortgages. Yesterday, Swiss-based UBS, which has a major presence in the US, saw its shares briefly suspended after a sudden crash. By noon, they were down 3% at Swfr49 [...]

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