Triple Down! UBS Sees 600 Billion Of Losses For 'Financial Industy'

Author:
Publish date:
Updated on

So far, only 160 billion of losses have been disclosed. UBS sez it's going to get a lot worse.

UBS sees financial crisis leading to industry wide losses of 600 bln usd investment research warned that the financial crisis is far from over with more losses and a stronger impact on the real economy ahead.
'Our global banks team estimates that total industry losses in this financial crisis should reach north of 600 bln usd of which listed banks and brokers should account for 'only' 350 bln usd,' the bank writes.

UBS sees financial crisis leading to industry wide losses of 600 bln usd [CNNMoney.com]

Related