GENEVA, Switzerland - Swiss bank UBS AG, already writ ing down the value of some assets by $3.4 billion, warned investors Monday that its fourth-quarter results may be hit by a further downturn in the U.S. housing and mortgage markets.
UBS said that although the quarter had started well, its exposure to the U.S. credit market "could lead to further writedowns." The bank, one of the world's largest, is due to report its results today for the …
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