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Ruh-Roh - UBS Writes Down $3.42 Billion Due to Credit Crunch

Started by morganb · 6 months ago

This can’t be good. UBS will take a $3.42 billion write down relating to credit woes, primarily in its fixed-income portfolio (see mortgage backed securities). This is the first quarterly loss for the financial giant in 9 years. And $3.42 billion ain’t a blip on ... Continue reading »

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