Sunday, October 6, 2024
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The logo of a UBS bank in Geneva is seen 01 Octobrer 2007. UBS AG said 01 October 2007 it expected to post a third quarter pre-tax loss of 600 to 800 million Swiss francs (360 million to 480 million euros), citing a write-down of positions in fixed income, rates and currencies related to deteriorating conditions in the US subprime market. UBS head of investment banking, Huw Jenkins, will step down, with the role being filed by the group Chief Executive Officer Marcel Rohner for the forseeable future. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP via Getty Images)
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