01 Apr, 2008
has reported a new asset writedown of $19bn, more than doubling its
total writedowns as a result of the sub-prime crisis to about $37bn
It has already
written off $18.4bn in 2007.
The bank says it is
planning on raising 15bn swiss francs in capital by issuing new
UBS has also
confirmed that its chairman and former chief executive Marcel Ospel
will not be seeking re-appointment.
came as the bank says it expects to post a first quarter net loss