Tuesday, April 22, 2008

UBS blames weak risk control for huge losses

(ZURICH) Switzerland's biggest bank UBS said yesterday that weak risk control and a pay structure that invited risky deals were among key factors leading to its massive sub-prime related losses.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,276032,00.html?

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