Monday, Dec. 10, 2007 ZURICH, Switzerland -- Swiss banking giant UBS AG said Monday it will write off a further $10 billion on losses in the U.S. subprime lending market and will raise capital by selling substantial stakes to Singapore and an unnamed investor in the Middle East.
http://moneynews.newsmax.com/money/archives/articles/2007/12/10/081912.cfm?s=al&promo_code=3EE7-1
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