A Jan. 24, 2008 file photo shows the logo of Switzerland`s UBS bank above the entrance to the headquarters in Zurich, Switzerland. Swiss bank UBS AG reported a net loss Tuesday, May 6, 2008 of 11.5 billion Swiss francs (US$10.97 billion; euro 7.1 billion) for the first quarter of this year and announced 5,500 job cuts. This compares with a net profit of 3 billion Swiss francs in the same period last year. The losses translate to 5.63 Swiss francs (US$5.35; euro 3.46) per share, compared with earnings per share of 1.43 Swiss francs in the first quarter of 2007. (AP Photo/Keystone, Martin Ruetschi, File)

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