2008-09-14yahoo.com

Sonntags Zeitung said it expected UBS to write down $1 billion on subprime mortgages and $1 billion on Alt-A loans that are made to borrowers with less than prime credit ratings but who are above subprime.

The paper also predicted about $2 billion in write downs on UBS's investments in monoline bond insurers and about $1 billion on student loans but said the company was unlikely to seek to raise more new capital.


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread