UBS’ Confession
Posted by on April 23rd, 2008 at 03:35pm
» Home wrote an interesting post today on
Here’s a quick excerpt
UBS AG together with Citigroup and Merrill Lynch are the top three losers of the US subprime mortgage crisis, together they wrote down US$106 billion to date. During UBS’ annual meeting on Wednesday April 23rd in Basel, shareholders were asking just one question: How did UBS manage to lose $37 billion betting on American mortgage-backed assets, […]
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