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Swiss bank UBS plunges to Q3 loss after US subprime crisis (AFP)

October 30th, 2007 by

A UBS sign is displayed at a branch in Geneva, 01 October 2007. Switzerl&'s largest bank, UBS, reported its first quarterly loss in five years after its third quarter results were hit in a financial crisis caused by a ailing US home loans market.(AFP/File/Fabrice Coffrini)AFP - Switzerl&’s largest bank, UBS, on Tuesday reported its first quarterly loss in five years after its third quarter results were hit in a financial crisis caused by a ailing US home loans market.

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