UBS Credit-Default Swaps Rise After Loss, Subprime Writedowns
Story date: 2007-10-01 02:54:00
Added on: 2007-10-01 13:00:18
Bloomberg - ... rose after Europe's biggest bank reported a third-quarter loss and said it was writing down the value of its mortgage ... Alexander Plenk, a credit analyst at UniCredit SpA in Munich, said today in a note to investors. ``This is bad news for credit ...
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