Swiss banking giant UBS headquarters are [Getty Images]

Swiss banking giant UBS headquarters are pictured February 14, 2008 in Zurich. UBS plunged to its first-ever full-year net loss today after losing billions of dollars in the US subprime mortgage crisis. The bank recorded a net loss of 4.4 billion Swiss francs (4.0 billion dollars, 2.7 billion euros) in 2007, compared to a profit of 12.3 billion Swiss francs in 2006. AFP PHOTO / Fabrice Coffrini (Photo credit should read FABRICE COFFRINI/AFP via Getty Images)

AFP FABRICE COFFRINI