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IPFS News Link • Economy - International

Swiss bank UBS warns of big losses, blames US housing crisis

10-1-2007 • AFP

Swiss banking giant UBS warned the crisis in the US housing market had cost it $3.4 billion US dollars from its fixed income, rates and currencies division, as it announced a major management shakeup and plans to cut 1,500 jobs.

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Reported By Powell Gammill

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Swiss bank UBS warns of big losses, blames US housing crisis

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