UBS to Sell Stakes After $10 Billion in Writedowns (Update5)

Story date: 2007-12-10 06:07:00
Added on: 2007-12-10 07:00:21

Bloomberg - Ping An Insurance (Group) Co., China's second-largest insurer, bought a 4.18 percent stake in Fortis for 1.81 billion euros ... debt they used to finance purchases of higher-yielding securities because of concern about holdings related to U.S. mortgages ...


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