SubscribeAll Posts Tagged With: "subprime crisis"
No Paternity Test was Required – or Desired
April 6, 2008 – Today’s “Sunday Business†section of The New York Times is a “keeper.†It contains several fine and germane articles which will bear reading again and again as time passes and as events in the financial world continue to develop.
The lead story is about the subprime-mortgage travails of UBS, the giant of Swiss banking, which was formed as a merger of Union Bank of Switzerland and Swiss Bank Corporation in 1998. UBS found itself with a total exposure of $80 billion in less-than-stellar mortgages, some of which had been posted by its Dillon Read subsidiary. To date,…
6Apr2008 | William Kurtz | Comments Off | Continued
Loading ...
