Finally some good news, let's see tomorrow reaction.
Full report : http://www.reuters.c...me=businessNews
UBS CEO says the bank is over the worst
Started by
Costa
, Apr 13 2008 07:17 AM
4 replies to this topic
#1
Costa
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Posted 13 April 2008 - 07:17 AM
Costa
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#2
pdx5
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I want return OF my money more than return ON my money
Posted 13 April 2008 - 10:45 AM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
Costa
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Posted 13 April 2008 - 11:55 AM
Costa
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#4
thespookyone
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Posted 13 April 2008 - 05:11 PM
After the losses they have taken, his word is worth what? We hear the same sad story twice a week that the bottom is in for the financials-usually right before another borrows an unforseen new 5 to 10 billion. The liquidation of stockholder value in these stocks has been incredible. This is far from "over".
#5
milbank
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Posted 13 April 2008 - 07:05 PM
The "old news" article was only put out Friday and was written by a columnist. The Sunday article was an interview with the CEO, as thespookyone said, "his word is worth what?"
From the interview with Rohner on Sunday which was obviously done to attempt to clean up his PR problems with the Swiss...
"We are no longer at the lowest point. There are certain factors that we cannot influence, however, such as the U.S. real estate market. There, there is volatility," CEO Marcel Rohner said in an interview with Swiss newspaper SonntagsZeitung.
Isn't the U.S. real estate market the source of their UBS's (as well as all the ibanks who put out CDOs) problems to begin with?
Marcel Rohner, CEO of UBS*
just kidding, that's Mayor Larry Vaughn of Amity Island in Jaws
From the interview with Rohner on Sunday which was obviously done to attempt to clean up his PR problems with the Swiss...
"We are no longer at the lowest point. There are certain factors that we cannot influence, however, such as the U.S. real estate market. There, there is volatility," CEO Marcel Rohner said in an interview with Swiss newspaper SonntagsZeitung.
Isn't the U.S. real estate market the source of their UBS's (as well as all the ibanks who put out CDOs) problems to begin with?
Marcel Rohner, CEO of UBS*
just kidding, that's Mayor Larry Vaughn of Amity Island in Jaws
Edited by milbank, 13 April 2008 - 07:09 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
