
UBS books 2B francs net loss for Q1
(AP)
European Business News
AP - UBS AG, the Swiss bank hit hard by the financial crisis and a U.S. legal probe into its American clients' offshore accounts, reported Tuesday a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) and said it expects loan losses to keep rising.
Source: Yahoo! News: Business - European Economy