On 10 December 2007, UBS indicated it may record a net loss for full-year 2007.
UBS now expects to report a net loss attributable to shareholders of approximately CHF 4.4 billion for full-year 2007.
For fourth quarter 2007, the net loss attributable to UBS shareholders will be approximately CHF 12.5 billion. These results reflect weak trading revenues in the Fixed Income, Currencies and Commodities (FICC) business in the Investment Bank.
FICC numbers will include around $12 billion in losses on positions related to the US sub-prime mortgage market and approximately $2 billion on other positions related to the US residential mortgage market.
UBS will provide further details on its financial performance on 14 February 2008, when it publishes its final full-year and fourth quarter 2007 results.