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Financial News

Wednesday April 15, 07:00 AM

 

 

Switzerland's biggest bank UBS said it lost about 1.75 billion dollars in the first three months of 2009,

By Fabrice Coffrini

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Company logo at a UBS branch seen under dark sky in Basel. Switzerland's biggest bank UBS on Wednesday said it lost about two billion francs (1.32 billion euros, 1.75 billion dollars) in the first three months of 2009, and will seek to cut costs by slashing 8,700 jobs by 2010. Company logo at a UBS branch seen under dark sky in Basel. Switzerland's biggest bank UBS on Wednesday said it lost about two billion francs (1.32 billion euros, 1.75 billion dollars) in the first three months of 2009, and will seek to cut costs by slashing 8,700 jobs by 2010.


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