UBS writes down $3.4 billion in assets as subprime mortgage crisis ...
Story date: 2007-10-01 12:12:00
Added on: 2007-10-01 13:00:18
San Diego Union-Tribune - ... Swiss francs ($3.4 billion) because of losses linked to the U.S. subprime mortgage ... underscore the widespread impact of failed U.S. loans to people with weak credit ... This is clearly not good news and adds to the catalog of bad news that UBS has ...
Read more...
Related Stories:
-
Business briefs: Alcoa wins contract for stealth-jet parts
Herald Tribune - ... securities by $74 billion each, or 10 percent above current limits of $735 billion -- for six...
2007-10-12 12:06:00 -
Subprime shock: UBS writes down $10 billion
International Herald Tribune - UBS, which has been severely battered by the U.S. subprime mortgage meltdown, issued ... of the damage to...
2007-12-10 04:41:00 -
Subprime problem hits 2 China banks (International Herald Tribune)
Investors punished Bank of China, which had reported holding more than $9 billion in securities backed by U.S. subprime mortgages, and Industrial...
2007-08-24 12:09:05 -
Subprime crisis seen spilling over into 2009 (International Herald Tribune)
Most of the subprime mortgages, which provide collateral for $800 billion in securities, have yet to go bad....
2007-11-20 03:59:56 -
Australia's troubled Centro denies it faces bankruptcy from debt ...
International Herald Tribune - Centro is struggling to refinance over 3.9 billion Australian dollars (US$3.35 billion; €2.33 billion) in debt by Feb....
2007-12-18 07:55:00 -
Countrywide ready to alter terms on up to $16 billion in home loans
International Herald Tribune - Overdue payments on subprime mortgages rose to the highest level in five years in the second quarter, according...
2007-10-23 11:13:00 -
Subprime mortgage crisis far from over, "survivors' conference" hears
International Herald Tribune - The total global loss from the subprime mortgage mess, Mayo of Deutsche Bank said this month, could reach...
2007-11-20 11:34:00 -
CREDIT UBS takes $3.4 billion hit, C.Suisse hurt too
San Diego Union-Tribune - UBS unveiled $3.4 billion in losses, mainly on securities linked to the U.S. subprime mortgage sector, swept out...
2007-10-01 05:05:00