Winet of Swisscanto Sees UBS Profit Falling on Subprime Losses
- 00:08:47
- Bloomberg
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Winet of Swisscanto Sees UBS Profit Falling on Subprime Losses
Dieter Winet, a fund manager who helps oversee $50 billion at Swisscanto Asset Management, talks with Bloomberg's Rishaad Salamat, Sara Walker and Elliot Gotkine from Zurich about UBS AG's second-quarter earnings, subprime mortgage concerns and the outlook for luxury-good stocks. UBS, Europe's largest bank, today reported its first quarterly rise in profit in a year and forecast a decline for the rest of the year if ``turbulent'' market conditions continue. (Source: Bloomberg)
Bloomberg | August 14, 2007
