European market
UBS Says Ospel Resigns After Writedowns Lead to Loss
Read the full article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aM8K8VAs...
UBS AG, battered by the biggest writedowns from the collapse of the U.S. subprime mortgage market, reported a 12 billion-franc ($11.9 billion) first-quarter loss and said Chairman Marcel Ospel will step down.
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