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UBS to take $5 bln 2nd-half write-down: report

By MarketWatch
Last update: 7:48 a.m. EDT Sept. 14, 2008Comments: 10TEL AVIV (MarketWatch) - UBS will have to write down the value of certain investments by another $5 billion in the second half but was unlikely to raise more capital, a Swiss newspaper said, according to Reuters.
The Swiss investment-banking giant will need to take another $5 billion of write-downs on mortgage securities and other investments, Sonntags Zeitung reported. Reuters said that the paper didn't cite sources for its information and that UBS declined comment on the report.
As of the middle of last month, UBS had written down $42 billion since the start of the credit crisis.