August 5, 2009 UBS Posts $1.3 Billion Quarterly Loss By JULIA WERDIGIER LONDON — UBS posted a $1.3 billion quarterly loss on Tuesday, the third in a row for Switzerland’s biggest bank, and blamed costs linked to its reorganization program. The loss widened to 1.4 billion Swiss francs in the second quarter from 395 million francs in the same period a year earlier.
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Swiss Conservatism Refuses to Cook the Books
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August 5, 2009 UBS Posts $1.3 Billion Quarterly Loss By JULIA WERDIGIER LONDON — UBS posted a $1.3 billion quarterly loss on Tuesday, the third in a row for Switzerland’s biggest bank, and blamed costs linked to its reorganization program. The loss widened to 1.4 billion Swiss francs in the second quarter from 395 million francs in the same period a year earlier.