Skip to comments.UBS lost $30 million on Facebook IPO fiasco: source (Obama bailout for Robert Wolf, CEO/bundler?)
Posted on 05/25/2012 4:39:40 PM PDT by jimbo123
UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday.
(Excerpt) Read more at reuters.com ...
The Friday night news releases, that is. It is like waiting for the swallows to return.
UBS is immense. $30 million is about how much their execs spend on their monthly bar tabs.
You misspelled bungler.
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