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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
        
Story Timeline:  198 days

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... [read full story]                    

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UBS CEO Rohner says future U.S. subprime writedowns smaller than in Q1

 finanznachrichten.de May 23, 2008
First article on this story:

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

 wallstreet-online.de May 21, 2008
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UBS CEO Rohner says future U.S. subprime writedowns smaller than in Q1

finanznachrichten.de
May 23, 2008
        

ZURICH (Thomson Financial) - UBS AG. does not expect further writedowns relating to its U.S. real estate market exposure of a similar size to those reported on April 1, 2008, chief executive Marcel Rohner said in an interview with Swiss finance bi-weekly Bilanz. At the time, Switzerland's largest...

                   
publicradio.org: A UBS bank logo from a branch in Geneva publicradio.org

UBS shapes deal to shed subprime debt

publicradio.org
May 22, 2008
        

To get the subprime mess off its books, the Swiss bank UBS is selling $15.5 billion-worth of mortgage-backed securities to private investment firm BlackRock. The subprime mess led the Swiss bank UBS to a disastrous first quarter. It sold $15 billion-worth of mortgage-backed securities to...

UBS sells assets to BlackRock

cnn.com
May 22, 2008
        

Swiss bank unloads risky positions on newly created investment fund run by the money management firm. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS ZURICH, Switzerland (AP) -- Swiss bank UBS AG said Wednesday it sold subprime and other mortgage-based...

UBS's Shell Game (at Seeking Alpha)

yahoo.com
May 22, 2008
        

by: Michael Steinberg posted on: May 22, 2008 | about stocks: report the dramatic moves by UBS to clear the decks of undesirable assets and strengthen its balance sheet. The $15.6B offering gives current shareholders the right to buy 7 new shares for every 20 held at a SFr21 vs. Wednesday’s close...

                   

DealBook: UBS Plans $15.55 Billion Rights Issue

nytimes.com
May 22, 2008
        

UBS said Thursday that it is planning a deeply discounted rights issue worth 16 billion Swiss francs, or $15.55 billion. The Swiss bank said it would issue new stock at 21 francs per share, about one-third below its latest market price. As part of the planned capital raising, UBS said it would...

                   

UBS Plans $15.55 Billion Rights Issue

nytimes.com
May 22, 2008
        

UBS said Thursday that it is planning a deeply discounted rights issue worth 16 billion Swiss francs, or $15.55 billion. The Swiss bank said it would issue new stock at 21 francs per share, about one-third below its latest market price. As part of the planned capital raising, UBS said it would...

UBS sells subprime assets to BlackRock

cnn.com
May 22, 2008
        

Swiss banks unloads risky positions on newly created investment fund run by the money management firm. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS ZURICH, Switzerland (AP) -- Swiss bank UBS AG said Wednesday it sold subprime and other mortgage-based...

                   

UBS, BlackRock: Another I-Bank Shell Game (at Seeking Alpha)

yahoo.com
May 22, 2008
        

by: Reggie Middleton posted on: May 22, 2008 | about stocks: BLK / UBS Once again, as with Citigroup and several other large investment banks, we have a troubled entity that sells risky assets but fails to truly sell the full risks associated with them - presumably under the impression that we...

                   

UBS gave $11.25bn loan to offload bonds

independent.ie
May 22, 2008
        

Swiss giant UBS, the bank with the highest net losses from the subprime crisis, gave an $11.25bn loan to BlackRock Inc to complete the sale of $15bn in mortgage bonds to a fund managed by the New York-based company. The assets have a nominal value of $22bn and are mostly subprime and Alt-A...

UBS completes asset sale of $15-billion to BlackRock

theglobeandmail.com
May 22, 2008
        

UBS AG, the bank with the highest net losses from the subprime crisis, gave an $11.25-billion (U.S.) loan to U.S. asset manager BlackRock Inc. to complete the sale of $15-billion in mortgage bonds to a fund managed by the New York-based company. The assets have a nominal value of $22-billion,...

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