Global banks' woes worsen
Story date: 2008-02-15 09:15:00
Added on: 2008-02-16 13:00:29
St. Petersburg Times - ... facing bond insurers and from bad bets on mortgage-backed securities and leveraged buyouts, UBS AG said Friday. "The problem is broadening from just subprime CDO (collatoralized debt obligations) write-downs to potentially a much bigger credit ...
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