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UBS losses on Facebook as high as $350 million: CNBC

Fri Jun 8, 2012 2:14pm EDT

(Reuters) - Swiss bank UBS (UBSN.VX) may have lost as much as $350 million from trading shares in Facebook Inc (FB.O) amid the confusion of the social network's glitch-ridden May 18 market debut, CNBC reported on Friday, citing unidentified sources.

UBS was not immediately available for comment.

(Reporting By Edwin Chan; editing by John Wallace)
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Comments (1)
billsmithohio wrote:
This is great to see. Financial institutions need to suffer financial losses so they learn not to do stupid things. You can bet your mortgage that the characters that caused this mess have “Masters Degrees”, and no common sense.

Jun 08, 2012 2:29pm EDT  --  Report as abuse
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