RSS Feed by Calculated Risk on 4/01/2008 01:24:00 AM
Tuesday, April 01, 2008
UBS: $19 Billion In Write-Downs, Chairman Resigns
From Bloomberg: UBS Seeks SF15 Billion Capital Increase, Has First-Quarter Loss
UBS AG ... will seek to raise 15 billion francs ($15.1 billion) in a capital increase after writing down $19 billion in debt securities.
Chairman Marcel Ospel will step down ...
