AFP
11th Feb 2008
ZURICH (AFP) — Swiss banking titans UBS and Credit Suisse risk losing clients to smaller rivals as annual results next week reveal the heavy impact of the US subprime crisis on their balance sheets. UBS already said last month it expects its first ever full year net loss due to its subprime exposure, closing 2007 some 4.4 billion Swiss francs (3.5 billion dollars, 2.75 billion euros) in the red. >>>> More
