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UBS reports third quarter losses

UBS reports third quarter losses

03/11/09 21:12 CET

Banking

corporate

The following article has been retrieved from the archive and no longer contains the original video.

The Swiss bank UBS has posted a 373 million loss in the third quarter. Shares in the company fell four percent as the bank said it did not expect a recovery of client inflows anytime soon. The results come after a bitter row over tax with the US, but observers point out that the bank’s underlying performance has actually been improving.

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tags: Banking