08.03.2010 - GIC incurs over $7 bln loss in its UBS investment
From Temasekreview.com: According to a report in Wall Street Journal, the Government of Singapore Investment Corp. (GIC) 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. While the disastrous loss made headlines worldwide, it was not reported by the Singapore media yet...............................................Full Article: Source
Print