Monday, August 13, 2007

UBS

--European's largest bank --CEO ousted, UBS Dillon Read collapsed, need a couple of quarters to get out of the woods --trail WS firms, such as Credit Suisses which avoided subprime losses --40% revenue from investment banking --The charges will once again bring this untidy affair tothe forefront,'' Wheeler said. The cost ``pales into insignificance compared to the impact on sentiment and the management distraction this episode has cost UBS,'' he said. --

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