Balance Sheet Stress and Vulture Buyers
Dec 12th, 2007 | By Michael Shedlock | Category: Macro Economics
MORE PAIN FOR BANKS IS COMING, as Reuters reports that UBS writes down $10 billion:
“After advising for weeks there were no huge charges on the horizon, UBS stunned the market on Monday with the massive write-down, saying it had obtained a 13 billion Swiss franc ($11.52 billion) capital injection from ...read more
