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... [read full story]                    


View all news articles about*:
Bank Banking BlackRock Corporation Finance Financial Insurance Investing Markets Stock Swiss Switzerland UBS
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies

View other selected articles:

Merrill, Goldman, Deutsche in Auction-Rate Deal

businessweek.com     1 hr ago   39 related          

Big banks agree to pay millions in fines and refund money to investors who bought the risky securities NEW YORK Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank on Thursday joined other major financial companies...                    

comments

EBay Cuts Fixed-Price Sales Fees by 70%

washingtonpost.com     21 hrs ago   1 related          

EBay, the world's largest Internet auctioneer, lowered fees for listing fixed-cost items by more than 70 percent to attract additional sellers and compete with Amazon.com. EBay said the changes won't affect its annual earnings...                    

comments

                   

Source: Auction-rate probe focuses on 3 banks

iht.com     yesterday   42 related          

New York Attorney General Andrew Cuomo will intensify his probe into auction-rate securities by focusing on Bank of America Corp., Goldman Sachs Group Inc. and Deutsche Bank AG, a person close to the investigation said Wednesday.                    

comments

Shifting Focus To Sector Allocation

investopedia.com     yesterday          

As the various stock markets in the world increasingly move in tandem, diversification and optimal returns are more likely to be achieved if evolving changes in sectors are taken seriously in portfolio management. To achieve...                    

comments