When Zombie Banks Walked the Earth 0
UBS:
UBS remains in a “precarious situation” after clients withdrew 23 billion Swiss francs ($20.1 billion) from the main wealth management unit and the bank posted a first-quarter net loss of almost 2 billion francs, Chairman Peter Kurer, who steps down today, told shareholders today in Zurich.
Aside: Whenever I hear a report about UBS, I remember “Fernwood 2night,” which was brought to you by “UBS: The Network that puts you before the BS.”
Prescient, eh?
