Swiss bank UBS admits underestimating US subprime crisis
Story date: 2007-10-06 10:33:00
Added on: 2007-10-07 00:00:21
New Straits Times - The problems started with the last change in interest rates and were compounded by DRCM," UBS's Dillon Read Capital ... up 380 million Swiss francs (230 million euros, 325 million dollars) in losses in the US high-risk, or subprime, mortgage ...
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