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Reuters: UBS in new capital hike after huge Q1 loss

Started by chris, April 01, 2008, 10:01:04 AM

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chris

UBS in new capital hike after huge Q1 loss
      


ZURICH (Reuters) - UBS AG  doubled its writedowns from the subprime crisis, parted company with its chairman and asked shareholders for more emergency capital on Tuesday in a second dramatic attempt to reverse its fortunes.
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