UBS "gathering facts" on ABN's MotherRock losses
04 Sep 2006
UBS has been "gathering facts" surrounding the implications of the collapsed hedge fund which led to its takeover target, the futures arm of ABN Amro, reportedly taking a $100m loss, according to a spokesperson for the Swiss bank.
The spokesperson stressed, however, that the deal would go ahead as scheduled and would close at the end...
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