Ubs May Have Facebook Trading Loss Of $350 Million

UBS Sues Facebook

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 familiar with the matter told CNBC.

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    ... crude futures for April were trading at ... BP.-GB) reported an annual loss of $6 ... financial space, Swiss bank UBS (Swiss ...
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  • UBS's huge Facebook loss throws doubt on Nasdaq plan
    Meanwhile, Facebook shares fell to a new all-time low Tuesday, touching $21.61 in afternoon trading. At that level they are down 52 percent from their first-day high. UBS's 349 million Swiss franc loss dwarfs the $62 million all cash plan Nasdaq set up to ...
    08/1/2012 - 9:02 pm | View Link
  • Nasdaq's bungling of Facebook IPO cost UBS $357 million, bank says
    "UBS's loss resulted from Nasdaq's multiple failures to carry out its obligations, including both opening the Facebook stock for trading and not halting trading in the stock during the day," UBS said. "We will take appropriate legal action against Nasdaq ...
    07/31/2012 - 7:44 am | View Link
  • UBS lost $356 million on Facebook, suing Nasdaq for it
    ... said Tuesday that it lost $356 million on Facebook's IPO due to Nasdaq's trading glitches during the company's market debut in May -- and it plans to sue the stock exchange for every cent of it. "UBS's loss resulted from NASDAQ's multiple failures to ...
    07/31/2012 - 7:29 am | View Link
  • Behind the Huge Facebook Loss at UBS
    Still, while many market-making firms have confirmed that they lost money from the technical issues that plagued trading of Facebook shares on the first day, UBS’ loss was far and away above what its peers have experienced. The Knight Capital Group ...
    07/31/2012 - 7:28 am | View Link
  • UBS Hit by Loss on Facebook IPO
    The main reason was the botched Facebook (NASDAQ:FB) IPO, which generated substantial trading losses. In Tuesday morning trading, UBS stock is down 5%. Nasdaq (NASDAQ:NDAQ) reserved $62 million in compensation for brokers on the Facebook transaction.
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  • UBS Earnings Q2 2012: Facebook Loss Hits Bank's Profit
    The Facebook loss came on top of a drop in investment bank income as revenue from equity derivatives wilted. UBS is usually stronger in issuing and trading equities than trading debt and commodities. By contrast, foreign exchange and bond trading held up ...
    07/31/2012 - 1:25 am | View Link
  • Facebook Muppet Of The Day: UBS
    CNBC has a breathless report from Maria Bartiromo today, under the headline “UBS May Have Facebook Trading Loss of $350 Million”: UBS is sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public ...
    06/8/2012 - 11:33 am | View Link
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  • Initial public offering of Facebook
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