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Tag Archives: Swiss Bank

Switzerland Sells Stake In UBS AG

21-Aug-09

Switzerland turned a profit of CHF 1.2B after selling its stake in UBS AG. The Swiss Government sold 332.2M units of UBS for CHF 16.50 apiece to institutional investors after buying CHF 6B worth of UBS mandatory convertible notes last year, in the peak of the global financial crisis so the Bank could offload toxic [...]

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Overnight Market News – August 4, 2009

04-Aug-09

Swiss Bank, UBS AG Widens Second Quarter Net Loss to CHF 1.4B (or USD 1.32B) from CHF 395mm a Year Ago on Hefty Charges France’s Biggest Bank, BNP Paribas SA Posts 6.6% Rise in Second Quarter Net Income to EUR 1.6B on Solid Investment Banking Performance BHP Billiton Ltd, the World’s Biggest Mining Company, Names [...]

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