Showing posts with label Write-down. Show all posts
Showing posts with label Write-down. Show all posts

Wednesday, January 30, 2008

UBS, BNP Paribas reveal fresh hits from credit crisis

LONDON (MarketWatch) -- Two of Europe's largest banks revealed fresh problems stemming from the U.S. housing downturn Wednesday. Swiss banking giant UBS extended its latest write-down to $14 billion and France's BNP Paribas said its quarterly profit will slump over 40%.

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