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Wednesday, January 30, 2008

UBS: $14 Billion in Mortgage Write Downs

by Calculated Risk on 1/30/2008 01:48:00 AM

The WSJ reports:

UBS said it expects a fourth-quarter net loss of $11.4 billion, including around $12 billion of losses linked to subprime debt and $2 billion in other mortgage-related losses.
A little late night visit to the confessional.

Posted by Calculated Risk on 1/30/2008 01:48:00 AM