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.

Sections:  news   business   
Topics:  banks   facebook   facebook ipo   ipo   nasdaq   social media   social networking   stocks   technology   ubs   
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    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 ...
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  • 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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  • Facebook Losses Slice UBS Profits
    Some employees in UBS's equities division have said that they don't want their bonuses to be clipped due to problems caused by the trading desk, say people familiar with the matter. UBS recorded the Facebook-related loss in ... jenny.strasburg@wsj.com ...
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BING SEARCH:
  • UBS may have Facebook trading loss of $350 million ...
    UBS may have Facebook trading loss of $350 million - Market Day ;.. That loss is more than 10 times the $30 million that is currently being speculated in the market.
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  • UBS Loss On Facebook Trading May Be In The Hundreds Of ...
    UBS Loss On Facebook Trading May Be In The Hundreds Of Millions. ... UBS is sitting on big Facebook ... full extent of these loses related to Facebook trading.
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  • UBS lost $356 million on Facebook, suing Nasdaq for it ...
    UBS 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 ...
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  • UBS: Facebook IPO Cost Us $350 Million
    UBS said the loss on the Facebook IPO wiped out nearly half of its second-quarter profit, and it accused Nasdaq of a "gross mishandling" of the stock ...
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  • UBS Profit Falls on Facebook Loss
    LONDON — UBS reported on Tuesday a 58 percent decline in its net profit in the second quarter as a fall in investment banking income weighed on the Swiss ...
    07/30/2012 - 10:55 pm | View Website
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