UBS Forecasts Up to $690M 3Q Pretax Loss
Story date: 2007-10-01 05:24:00
Added on: 2007-10-01 07:00:21
Newsday - UBS and several other European banks have been drawn into rising mortgage defaults in the United States. U.S. banks repackaged subprime loans, those issued to borrowers with weak credit, and sold them with other debt on the worldwide market. Credit ...
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