UBS is sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public offering, and is preparing legal action against Nasdaq as a result, people familar with the matter told CNBC … These people said UBS wanted 1 million shares, but when it did not receive confirmations, it repeated the order multiple times and was left with much more than it intended … “Consistent with our policy on market comments on our positions or intra-quarter performance, we are not disclosing the amount of the loss, which is not material to UBS,” UBS said in a written statement. [CNBC, Related: UBS Doesn’t Get Out Of Bed For Less Than $50 Billion In Losses]
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Christmas Comes Early At Casa De Falcone
- Sleep Where Ken Griffin (And The Soon-To-Be Ex-Mrs. Griffin) Hath Slept
- Opening Bell: 11.26.14
- Area Man Underestimates Just How Much Steve Cohen Hates His Ex-Wife
- Restaurant Offering 35k Thanksgiving Dinner Just Saying Think About It
- Hedge Funds Great At Picking Absolutely The Worst Stocks This Year
- Former JP Morgan Employee Trades "Root Of All Evil" Gig For Extreme Water Sports
- How Much Did Goldman Sachs Make For Losing Muammar Gaddafi $1.2 Billion?
- Coming Soon: Dealbreaker Dramatic Reading Night Part IV
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com