FILE - In this July 17, 2009 file picture the logo of Swiss bank UBS AG is photographed in Bern, Switzerland. Swiss bank UBS AG lowered its forecast and announced fresh job cuts Tuesday July 26, 2011 ... more 
FILE - In this July 17, 2009 file picture the logo of Swiss bank UBS AG is photographed in Bern, Switzerland. Swiss bank UBS AG lowered its forecast and announced fresh job cuts Tuesday July 26, 2011 after posting sharply diminished second-quarter net profits of 1.02 billion Swiss francs (US $1.2 billion). UBS said net profit attributable to shareholders fell almost 50 percent from 2 billion francs in the April-June period of 2010. This was more than the 30 percent cut analysts had predicted. (AP Photo/Keystone/Peter Klaunzer,File) GERMANY OUT - AUSTRIA OUT less 
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Associated Press | Photo By Keystone/Peter Klaunzer,File
Tue, Jul 26, 2011 3:37 AM EDT