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UBS posts record loss, cuts 1,600 jobs

Switzerland’s biggest bank UBS on Tuesday posted a worse than expected loss of nearly $17 million — the largest ever by a Swiss group — and announced 1,600 new job cuts.

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Posted byadminFebruary 10, 2009Posted inOther NewsTags: bank, best-positioned, businesses, conditions-for, financial, foreseeable, our-businesses, said-it-would, the-foreseeable, which-suffered
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