Reuters: UBS in new capital hike after huge Q1 loss

[chris]

UBS in new capital hike after huge Q1 loss
      

ZURICH (Reuters) - UBS AG wrote down an additional $19 billion on assets on Tuesday, causing a net loss of 12 billion Swiss francs ($12.03 billion) in the first quarter, and said it would seek 15 billion francs in new capital through a rights issue of shares.
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