UBS (UBS) will start legal proceedings against exchange operator Nasdaq OMX Group (NDAQ) after...

|About: UBS Group AG (UBS)|By:, SA News Editor

UBS (UBS) will start legal proceedings against exchange operator Nasdaq OMX Group (NDAQ) after the bank's Q2 results were negatively impacted by Facebook's botched debut. UBS says it lost 349M Swiss francs ($357M) following the "gross mishandling" of Facebook's IPO. (PR .pdf)