[$$] For UBS, some noxious assets are gone but not yet forgotten (at The Wall Street Journal Online)

yahoo.com     May 21, 2008            

The Wall Street Journal Europe Word Count: 1,036 | Companies Featured in This Article: UBS, BlackRock, Royal Bank of Scotland, Deutsche Bank, Abertis, Goldman Sachs Group, Citigroup, ArcelorMittal UBS HAS SAID AU REVOIR to $15 billion of noxious U.S. mortgage-backed assets by selling them to... [read full story]                

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UBS Completes the Sale of USD $15 Billion of U.S. Real Estate Related Assets to BlackRock...

yahoo.com     May 21, 2008          

Wednesday May 21, 1:00 am ET NEW YORK--(BUSINESS WIRE)--Regulatory News: UBS announced today that it has closed on the sale of approximately USD $15 billion of primarily Subprime and Alt-A US residential mortgage-backed securities to a newly created distressed asset fund that will be managed by...                

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UBS completes $15 billion asset sale to BlackRock (at MarketWatch)

yahoo.com     May 21, 2008          

, ) said Wednesday that it has completed its planned sale of around $15 billion of primarily subprime and Alt-A residential mortgage-backed securities to a newly created distressed asset fund that will be managed by BlackRock . The positions had a nominal value of around $22 billion. The fund...                

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UBS completes $15 billion asset sale to BlackRock

marketwatch.com     May 21, 2008          

LONDON (MarketWatch) -- UBS said Wednesday that it has completed its planned sale of around $15 billion of primarily subprime and Alt-A residential mortgage-backed securities to a newly created distressed asset fund that will be managed by BlackRock . The positions had a nominal value of around...                

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UBS sells subprime, Alt-A debts to Blackrock

afp.com     May 21, 2008          

The logo of a UBS branch in Basel. ZURICH (AFP) - Swiss banking giant UBS said Wednesday it had completed the sale of 15 billion dollars (9.58 billion euros) of subprime and Alt-A US residential mortgage-backed securities to a fund managed by BlackRock. "Risk reduction remains a critical part of...                

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UBS sells subprime, Alt-A debts to Blackrock (AFP)

yahoo.com     May 21, 2008          

ZURICH (AFP) - Swiss banking giant UBS said Wednesday it had completed the sale of 15 billion dollars (9.58 billion euros) of subprime and Alt-A US residential mortgage-backed securities to a fund managed by BlackRock. "Risk reduction remains a critical part of our ongoing financial restructuring...                

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UBS sells subprime, Alt-A debts to Blackrock

yahoo.com     May 21, 2008          

ZURICH (AFP) - Swiss banking giant UBS said Wednesday it had completed the sale of 15 billion dollars (9.58 billion euros) of subprime and Alt-A US residential mortgage-backed securities to a fund managed by BlackRock. "Risk reduction remains a critical part of our ongoing financial restructuring...                

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UBS sells mortgage assets at discount

marketwatch.com     May 21, 2008          

Martin Gelnar Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--UBS AG Wednesday said it has closed the sale of troubled mortgage-backed securities to a distressed asset fund at a discount, indicative of the Swiss banking giant's efforts to reduce risky positions. The distressed asset fund bought the...                

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UBS sells subprime assets to BlackRock-run fund for $15 billion

iht.com     May 21, 2008          

UBS sells subprime assets to BlackRock-run fund for $15 billion : Swiss bank UBS AG said Wednesday it has sold subprime and other mortgage-based securities with a nominal value of US$22 million for US$15 billion (€9.5 billion) to a newly created investment fund run by U.S. asset manager BlackRock...                

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UBS Pays Lip Service (at Forbes.com)

yahoo.com     May 21, 2008          

LONDON - Swiss bank UBS's grand plan to offload some of its unpalatable mortgage-backed assets and reduce its risk doesn’t seem to amount to much at all. On Wednesday UBS (nyse: ) fell 3.3%, or 1.04 Swiss francs ($1.01), to 30.70 Swiss francs ($29.84) in afternoon trading in Zurich as it unveiled...                

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UBS sells subprime assets to BlackRock-run fund for $15 billion

tmcnet.com     May 21, 2008          

ZURICH, Switzerland_Swiss bank UBS AG said Wednesday it has sold subprime and other mortgage-based securities with a nominal value of US$22 billion for US$15 billion (?9.5 billion) to a newly created investment fund run by U.S. asset manager BlackRock Inc. The sale is part of an attempt by...                

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