Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, January 30, 2008

UBS Announces $4 Billion Net Loss for 2007

UBS announced it would write-off a higher than expected $14 billion because of the U.S. mortgage markets and would post a $4 billion net loss for the year.  Its fourth quarter net loss was $11.4 billion.  NYTimes, UBS Takes a $14 Billion Hit; WSJ, UBS to Post Record Full-Year Loss On Further Mortgage Write-Downs.

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