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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