UBS Charges to Spur a Loss in the Fourth Quarter.

The article discusses the predicted fourth-quarter net loss of private Swiss bank UBS AG due to the third-quarter net profit it posted for 2008. It notes that the third-quarter developments in UBS, one of the banks worst hit by the credit crunch, affected the perception of its clients on their stability, which observed the bank's write-downs and U.S. tax-evasion investigations of the U.S. government. UBS Chief Financial Officer John Cryan notes that the Swiss government's bailout plan would lead to a charge of four billion francs in the fourth quarter.