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   
  • Recap: Global Markets Take Another Wild Ride - Wall Street Journal
    ... after a volatile day of trading, in ... S&P 500′s week-to-date loss of 1.5 ... doing a Q&A on Facebook starting ... weaken the yen ...
    08/26/2015 - 4:43 am | View Link
  • Markets Live: ASX's epic bounce - Sydney Morning Herald
    Markets Live: Glimmer of hope - Sydney Morning Herald
    08/24/2015 - 2:31 pm | View Link
  • Recap: Markets Tumble Around the World - Wall Street Journal
    Global Stocks Fall Sharply Amid China Fears -- 7th Update -
    08/24/2015 - 6:54 am | View Link
  • More
  • UBS Hires Annie Leibovitz and Asks ‘Is Father Christmas Real?’
    In 2011 UBS rogue trader Kweku Adoboli was arrested by U.K. police following a billion-dollar trading loss. In May this year ... Preview Buying the Dips Doesn’t Work for Everyone Twitter Facebook Email Comments
    09/1/2015 - 5:56 am | View Link
  • 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 ($355.8 million) loss dwarfs the $62 million all-cash plan ...
    07/31/2012 - 8:01 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.
    07/31/2012 - 3:52 am | View Link
  • 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
  • More
  • UBS Hit by $2 Billion in Unauthorized Trades
    UBS was rocked early Thursday by its disclosure that a staff member, Kweku Adoboli, racked up about $2 billion in losses from what it described as unauthorized trades ...
    09/4/2015 - 9:41 pm | View Website
  • UBS Stock Quote
    Updated stock quote for ubs - including ubs stock price today, earnings and estimates, stock charts, news, futures and other investing data.
    09/4/2015 - 5:45 pm | View Website
  • Our financial services in your country | UBS United States
    UBS is a global firm providing financial services in over 50 countries. Visit our site to find out what we offer in the United States of America.
    09/4/2015 - 5:38 pm | View Website
  • Bloomberg
    The daily online Bloomberg report gives you the latest headlines from around the world, current market data annd personal finance advice, politics and top videos.
    09/4/2015 - 7:08 am | View Website
  • UBS Stock Price & News
    UBS Group AG Stock - UBS news, historical stock charts, analyst ratings, financials, and today’s UBS Group AG stock price.
    09/4/2015 - 6:39 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News