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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  • UBS's huge Facebook loss throws doubt on Nasdaq plan
    Facebook shares fell to a new all-time low on Tuesday, touching $21.61 in afternoon trading. Home Shop News Reviews Features Opinions Photos Videos Gadget Guru ... UBS's huge Facebook loss throws doubt on Nasdaq plan
    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 - 7:13 am | View Link
  • UBS Profit Falls 58% on Investment Banking, Facebook Loss
    hurt by a 349 million-franc loss related to the Facebook offering. UBS said it will cut risk-weighted assets at the unit by more than previously planned. UBS fell 64 centimes to 10.29 francs in Zurich trading, extending its decline this year to 8 percent.
    07/31/2012 - 6:42 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.
    07/30/2012 - 11:41 pm | View Link
  • UBS hit by Facebook loss
    UBS suffered a 58 per cent fall in net profit in the second quarter and said it would take legal action against Nasdaq over the botched public listing of Facebook ... embroiled in the largest unauthorised trading loss in British history.
    07/30/2012 - 11:00 pm | View Link
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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.
    10/17/2016 - 10:33 pm | View Website
  • UBS hit by Facebook loss
    UBS hit by Facebook loss. Swiss bank to sue Nasdaq after taking charge ... and last year becoming embroiled in the largest unauthorised trading loss in British ...
    10/14/2016 - 6:23 am | View Website
  • UBS Q2 profit shrivels amid trading slump and Facebook loss
    Zurich: UBS AG said on Tuesday net profit shrank to 425 million Swiss francs ($433 million) from CHF1 billion a year ago, hit by a slump in trading and a CHF349 ...
    07/31/2012 - 7:55 pm | View Website
  • 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 ...
    07/31/2012 - 2:26 pm | View Website
  • 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 ...
    07/31/2012 - 3:27 am | View Website
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