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UBS said it lost 349 million Swiss francs ($357 million) following Facebook's initial public offering, another blow in a quarter where earnings were already pre
by jessedhillon 14y ago
UBS said it lost 349 million Swiss francs ($357 million) following Facebook's initial public offering, another blow in a quarter where earnings were already pressured by its struggling investment bank.
They are claiming losses resulting directly from NASDAQ's mishandling of the IPO.