Financial meltdown accelerates – UBS, Europe’s biggest casualty of the US subprime crisis finds itself in further write down of losses in investment bankling
Sam Adelton
Jul. 4, 2008

While many in the financial communities were embracing stability in debt related loss write downs, the UBS finally came out with a shocker.

UBS, Europe’s biggest casualty of the US subprime crisis finds itself in further write down of losses. The Swiss bank now says it lost major sum of money in investmnet banking.

The losses can be as high as $20 billion with conservative esimates range between $6 bil.lion and 12 bilolion. This manifests the next wave of troubles. This bubble is far bigger than the subprime bubble. The combines M&A losses among the investment bankers can be as high as $2 trillion over the next 4 years till 2012.

The investment banks as well as regional smaller banks face severe challnege. Federal Reserve may not be willing to bail the i9nvestment banks losing money in levergaed M&A deals.

Financial meltdown accelerates – UBS, Europe’s biggest casualty of the US subprime crisis finds itself in further write down of losses in investment bankling
Sam Adelton
While many in the financial communities were embracing stability in debt related loss write downs, the UBS finally came out with a shocker.
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