Credit crunch deepens as Swiss banking giant writes off ANOTHER Ł9.6billion

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Credit crunch deepens as Swiss banking giant writes off ANOTHER Ł9.6billion

1st April 2008, 10:01:AM

The credit crunch claimed another victim this morning when one of Europe's biggest banks revealed it written off another Ł9.6billion. Swiss banking giant UBS said it was seeking Ł7.6billion in emergency funding and a new chairman after taking another hit from the US sub-prime crisis

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Tags: chairman, credit, crisis, emergency, funding

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Credit crunch deepens as Swiss banking giant writes off ANOTHER Ł9.6billion

Credit crunch deepens as Swiss banking giant writes off ANOTHER Ł9.6billion

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