Buying the fact

[Joelle]

Buying the fact
      

Obviously, the end must be near. UBS wrote down $19 billion and Deutsche Bank took a $3.9 billion writedown. UBS’s stock is up nearly 7 percent; Deutsche, around 3 percent. Perhaps UBS dumping its chairman, Marcel Ospel (pictured), and promising to shed ailing businesses had something to do with the enthusiasm. Not to be undaunted, [...]
         

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