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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Topics:  banks   facebook   facebook ipo   ipo   nasdaq   social media   social networking   stocks   technology   ubs   
  • Stocks fall, paring S&P 500’s monthly gain as tech shares slump - Buffalo News
    ... of the month, and Facebook Inc. ... declined 1.4 percent after UBS Group ... such a big part of trading,” said ... annual forecast and ...
    02/27/2015 - 6:36 am | View Link
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  • US stocks recover most of an early loss, oil gains on Yemen
    NEW YORK — U.S. stocks were slightly lower in afternoon trading Thursday, having recovered most of their ... at least temporarily,” said Stephen Freedman, a strategist at UBS Wealth Management Research. BONDS: U.S. government bond prices fell.
    03/26/2015 - 8:39 am | View Link
  • Anchor Capital: Essential market review, 26 March
    In Hong Kong, Aluminum Corporation of China added 0.3%, despite the company swinging to a loss in FY14. In South Korea, market are trading lower ... for BBA mortgage approvals to climb to 36.65k.The UBS consumption indicator in Switzerland registered ...
    03/26/2015 - 7:51 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 loss dwarfs the $62 million all cash plan Nasdaq set up to ...
    07/31/2012 - 9:00 pm | View Link
  • UBS sues Nasdaq over bungled Facebook flotation which led to $356million loss as shares for social media hit record low
    UBS and other market makers were left owning large amounts of unwanted Facebook stock, which led to losses as the stock plunged. It also is unclear what role UBS's own trading system might have played in the losses or what action the company will take to ...
    07/31/2012 - 5:49 pm | 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 - 11:28 am | View Link
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  • UBS Stock Price & News
    UBS Group AG Stock - UBS news, historical stock charts, analyst ratings, financials, and today’s UBS Group AG stock price.
    03/26/2015 - 3:46 am | View Website
  • UBS Chief Grübel Resigns After Trading Loss
    Oswald Grübel resigned as chief executive of UBS in the wake of a breakdown in risk management at the Swiss bank that led to a massive trading loss.
    03/25/2015 - 10:10 pm | View Website
  • UBSN.CH Stock Price & News
    UBS AG Stock - UBSN.CH news, historical stock charts, analyst ratings, financials, and today’s UBS AG stock price.
    03/25/2015 - 9:55 pm | View Website
  • Initial public offering of Facebook
    The social networking company Facebook held its initial public offering (IPO) on Friday, May 18, 2012. The IPO was the biggest in technology and one of the biggest in ...
    03/25/2015 - 2:32 pm | View Website
  • CFTC Orders UBS to Pay $700 Million Penalty to Settle ...
    The U.S. Commodity Futures Trading Commission (CFTC) announced an Order today against UBS AG and UBS Securities Japan Co., Ltd., bringing and settling charges of ...
    03/24/2015 - 1:11 am | View Website
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