"Other than the areas affected directly by the credit crisis, most of our businesses performed well, with revenues near, or in some cases above, those in the first quarter of 2007"
Credit Suisse Group on Thursday posted a $2.1 billion net loss for the first quarter as the global effects of the U.S. subprime mortgage crisis continued to spread.
Switzerland's second-largest bank said it also had net writedowns of $5.3 billion for big buyout loans and mortgage securities....
UBS posts Q2 losses, writedowns of $5.1B
UBS AG, one of the hardest hit banks in the subprime mortgage crisis, said Tuesday that it had further losses and writedowns of $5.1 billion during...
Incoming UBS Chairman Wants 'One Bank'
The incoming chairman of UBS AG, Peter Kurer, said the Swiss bank would stick to its integrated business model, despite massive write-downs caused by...
Notable Analyst Rating Changes 10/3: COST, CS, CSX, URBN...
UPGRADES: Goldman Sachs upgrades Costco (Nasdaq: COST) from Neutral to Buy and adds the stock to its Conviction Buy List, citing valuation and market...
UBS to cut 2,000 jobs at its investment bank
Swiss bank UBS AG will cut 2,000 jobs at its troubled investment banking unit, most of which will be lost in the U.S. and Britain, an official said.
Rice University economist available to discuss financial crisis
(Rice University) The current financial crisis is first and foremost a crisis of confidence. The tip of the iceberg may be the subprime mortgage...
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