UBS faces a tough week

UBS’ share price is expected to come under renewed pressure this week as attention is focused on vulnerable investment banks after the demise of Lehman Brothers.

A report in the Swiss weekly SonntagsZeitung on Sunday said the Zurich-based bank is set to write down a further $5bn in assets. The bank is likely to inform markets before its extraordinary general meeting on October 2, the report said.

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