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NOT A SUBSCRIBER?UBS expects government stake salePosted on August 4, 2009 2:37 PM
UBS on Tuesday, Aug. 4, said the Swiss government would soon be able to unload its 9% holding even as the struggling Swiss bank posted a worse-than-expected second-quarter loss.
The Zurich bank slipped to a 1.4 billion Swiss franc ($1.32 billion) loss in the three months ended June 30 after an Sfr395 million loss in the second quarter of 2008, well below the Sfr 1.1 billion loss analysts had been expecting. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline.
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