UBS has reported a loss of 358m Swiss francs ($329m; Ј173m) for the April to June period, despite earlier saying it might break even in the quarter.
The Swiss banking giant also announced another $5.1bn in write-downs linked to US sub-prime mortgage investments.
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The second quarter loss was still much better than the 11.54bn Swiss francs it lost in the first quarter of the year.
(BBC)
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