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

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)
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    To blame a casino loss on someone else...what a joke...they were doubling down on the casino bet of Facebook....riding the wave.....they lost...but what is a bank doing investing in IPO┬┤s anyway..kind of risky..unless you are an insider...one of the tribe...banking has become a joke...just a joke....Glass-Steagal..we need Glass.Wood....bullet proof Metal....Concrete...Ro...
    31 Jul 2012, 07:23 AM Reply Like
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