By Andrew Hurst, European Banking Correspondent 51 minutes ago ZURICH (Reuters) - Swiss bank UBS could face billions of dollars more in subprime-related write-downs in 2008, which could tip it into a second year of losses, analysts warned investors, sending its shares tumbling again.Some said UBS might be only halfway through clearing the debris from the subprime loan disaster that has already saddled it with $18 billion in charges in 2007.
The prognosis knocked UBS shares down 5.93 percent to 35.24 francs by 1130 GMT on Friday, a day after falling 8 percent on the news that the company had at least $80 billion in exposure to subprime loans and other risky debt, nearly three times more than it had previously disclosed.
Read More
