Money Minute: Banking Losses, Cheap Gas

Swiss bank UBS, hard hit by the U.S. subprime crisis, has reported a first-quarter loss of $10.9...  More »

Swiss bank UBS, hard hit by the U.S. subprime crisis, has reported a first-quarter loss of $10.97 billion and said it will slash 2,600 jobs, almost 7 percent of its work force. (May 6)  « Less