MarketWatch
26 May 2008
LONDON (MarketWatch) - UBS on Monday warned that that it may have to record losses on non-U.S. real estate as it seeks nearly $16 billion from shareholders to repair a dented balance sheet.
In a 925-page prospectus, UBS said economic and market conditions were volatile and challenging into the second quarter. "UBS remains very cautious about the net new money outlook in the near term," added UBS, the world's top manager of assets.
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