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Archive Home > 2008 > November > 05 > Royal Bank of Scotland, UBS issue dark forecast

Royal Bank of Scotland, UBS issue dark forecast


November 5, 2008

LONDON — UBS and Royal Bank of Scotland, two European banks that tapped government bailout funds, warned Tuesday of further deterioration in market conditions in the fourth quarter.

UBS, the Swiss bank that suffered one of the biggest losses from the credit turmoil, reported a profit....

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