Citi Sees Another $7 Billion Writedown At Demolished UBS

Citi analyst Jeremy Sigee is predicting a $6.9 billion write-down in Q2 at UBS. The Swiss bank has already written-down $38 billion of bad credit, but Sigee thinks that as much as $83 billion of risky debt remains on UBS’ balance sheet.

See Also: Whitney Whacks Citi, Merrill, And UBS

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