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UBS's Subprime Hit Deepens Credit Worries.
- Source :
-
Wall Street Journal - Eastern Edition . 12/11/2007, Vol. 250 Issue 137, pA1-A23. 2p. - Publication Year :
- 2007
-
Abstract
- The article focuses on a $10 billion write down which was seen at the Swiss bank UBS as a result of its involvement with subprime mortgage loans, and on an $11.5 billion bailout which the bank received from the government investment arm of Singapore and an unnamed Middle Eastern investor. Concerns about the financial status of other banks which were raised after the announcement of the write down and bailout are discussed.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 250
- Issue :
- 137
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 27783454