Ubs: attention to the third quarter, layoffs in

Male from Switzerland, or better, be careful! The Swiss bank Ubs launched this morning a warning on the 3rd quarter, which provide a priest for losses of 600-800 million francs. The Institute is a continuation of a long series of write-downs to 4 billion francs in large part related to assets in investments in fixed income, in the wake of the crisis of subprime mortgages. As not all, the institute announced cuts to staff, for a total of 1,500 people.

Related posts

• Subprime loans: FBI raid on Wall Street! (2)
• Systemic concerns and the real estate market (0)
• The Program for Barack Obama (0)
• U.S., the Fed cuts a quarter-point rates (0)
• Oil at 126 dollari.Si up to 400! (0)