UBS Loss Highlights The Cost Of Scandal.

The article focuses on a net loss posted by Swiss bank UBS AG in the third quarter of 2009, which is said to highlight the effects of a scandal involving U.S. clients who had secret accounts with the bank. It notes the failure of its private-banking division to show indications of a turnaround. UBS reported a loss of 564 million francs, compared to 283 million francs in net profit in 2008. Shares of the company stand at 16.35 francs, which represents a 5.8% decline.