UBS Writes Down Billion; Chairman to Leave - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

The story continues:UBS Writes Down Billion; Chairman to Leave - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "UBS, the largest Swiss bank, said on Tuesday that it would write down another $19 billion related to “U.S. real estate and related structured credit positions” ...The news came as Deutsche Bank, the biggest German lender, said Tuesday that it expected