UBS Faces `Substantial' CDO Losses, CreditSights Says (Update2)
Story date: 2007-11-19 09:02:00
Added on: 2007-11-20 01:14:53
Bloomberg - Tanona, who predicted that the lender's writedowns of CDOs will total $15 billion over the next two quarters. ... CDOs package bonds and loans including mortgage-backed securities and use the income to pay investors. Debt ranked below Baa3 ...
Read more...
Related Stories:
-
Banks at Risk From $203 Billion Writedowns, Says UBS (Update1)
Bloomberg - That could rise by a further $120 billion for CDOs, $50 billion for structured investment vehicles, $18 billion for commercial...
2008-02-15 03:50:00 -
MBIA Tumbles on $8.1 Billion of CDOs, Fitch Warning (Update9)
Bloomberg - The $30 billion of exposure for MBIA Insurance to CDOs linked to residential mortgage-backed securities that S&P listed in its...
2007-12-20 03:56:00 -
Fitch Lowers $30 Billion of Mortgage CDOs; S&P Cuts $5 Billion
Bloomberg - S&P said today it has downgraded $17.1 billion of CDOs backed either by home-mortgage bonds ``that have seen negative credit...
2007-11-21 01:39:00 -
Bank of America, JPMorgan, Wachovia Profit Curbed by Writedowns
Bloomberg - ... growing part of the debt market, were the lowest in more than a year in August. Wachovia held...
2007-10-15 09:28:00 -
Citigroup May Face $2.7 Billion in More Writedowns (Update2)
Bloomberg - Nov. 6 (Bloomberg) -- Citigroup Inc. may have to write down an additional $2.7 billion worth of subprime-mortgage backed and...
2007-11-06 11:05:00 -
CIBC Ousts Shaw, Kilgour After Debt Writedowns (Update2)
Bloomberg - ... banker and chief risk officer after announcing debt writedowns of as much as $3 billion, more than any...
2008-01-07 09:16:00 -
Asian CDO Sales Slow on Concern About Subprime Losses, S&P Says
Bloomberg - The CDOs contained bonds backed by U.S. subprime and second mortgages. About $16 billion of CDOs were issued in August,...
2007-09-25 09:16:00 -
Citi May Have a New Mess on Its Hands
BusinessWeek - Now, the bank could take a billion-dollar hit from bad debt tied to the CDO commercial paper market One of...
2007-11-06 12:09:00