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Return to Wealth

UBS has had a terrible crisis. That may help it have a better aftermath.

December 31, 2008

"FAIL fast, fail early" is a management mantra in many industries. Identify the projects that will not pay off quickly, and the costs of failure are capped. Banks have developed their own version of this rule — "fail completely, fail catastrophically" — but one of the earliest victims of the crisis may yet be among the first to recover. Read more...

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Ten Percent of Cos. May Lack Liquidity in 2009: Moody's
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