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UBS expected to seek capital via writedowns

by Stuart Kelly

UBS AG may post US$6.9 billion of additional writedowns and seek to raise more capital, according to Citigroup Inc. Yesterday's news came a day after Chairman Peter Kurer told a newspaper the largest Swiss bank...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200807/20080704/article_365548.htm"> UBS expected to seek capital via writedowns </a> by -- UBS AG may post US$6.9 billion of additional writedowns and seek to raise more capital, according to Citigroup Inc. Yesterday's news came a day after Chairman Peter Kurer told a newspaper the largest Swiss bank... </p>