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Reuters: UBS and Deutsche losses mount, but bank fog clearing

Started by chris, April 01, 2008, 01:01:02 PM

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chris

UBS and Deutsche losses mount, but bank fog clearing
      


LONDON (Reuters) - UBS and Deutsche Bank took a $23 billion hit on their risky assets and the Swiss bank asked investors for more cash on Tuesday, but Europe's bank shares rallied on hopes that the end of another torrid quarter could mark a turning point.
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