UBS sells subprime, Alt-A debts to Blackrock
afp.com: afp.com
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... [read full story]                    


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kansascity.com     1 hr ago   66 related          

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