UBS reports annual loss, further job losses

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UBS reports annual loss, further job losses

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02-10-2009, 01:33 PM

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UBS reports annual loss, further job losses

Swiss banking giant, UBS, has reported a full-year loss of SwFr19.7 billion (£11.3 billion) following a turbulent year in the banking industry.Furthermore, the bank, which is Switzerland’s largest, reported a fourth quarter loss of SwFr8.1 billion.UBS said it plans to refocus on its domestic market after a turbulent year overseas and is to create two [...]

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