GIC incurs over $7 billion loss in its UBS investment
March 6, 2010
Written by Our Correspondent According to a report in Wall Street Journal, the Government of Singapore Investment Corp. has incurred a paper loss of $5 billion or about S$7.2 billion dollars on its investment in Swiss bank UBS after its notes are converted to shares yesterday. While the disastrous loss made headlines worldwide, it was not
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GIC incurs over $7 billion loss in its UBS investment
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