now have already been budgeted to cover the write-downs losses on subprime mortgages for the year 2007, to weigh the losses on derivatives linked to U.S. subprime write-downs that led to total to 18.4 billion dollars.
Much of the loss falls on the investment bankin, because that more closely linked to subprime mortgages, the loss is around 15.5mld Swiss francs. The CEO of UBS, Rohner, announced that exposure to subprime mortgages amounted to 26.3 billion U.S. dollars, but it seems that in the first quarter of 2008, the bank reduced its exposure in the real estate sector through improvements to the evaluations and with divestitures, leading to the devaluation 15Mld dollars.
data arriving from the first quarter of 2008 confirm the negative moment of the Swiss bank, yet another loss of 7.64 billion dollars on subprime loans, the crisis has blown up the number 1 Ospel of UBS.
But the rescue of the bank came to the bottom "GIC" from Singapore and a Middle Eastern investor for a cash injection which would be around 15mld francs. Today
are confirmed cuts equal to 5500 units by mid-2009 that are children of heavy losses on subprime mortgage markets, investment banking in 2600, the losses incurred during 2007 and first quarter of 2008 represented a large ballast that undermines the stability of the institution in Switzerland. In addition there are entries for the sale of mortgage loans as it relates to an American company to acquire assets for 22mld dollars. UBS is
la prima banca a maggiore esposizione europea sul mercato dei mutui americani dove l’incaglio complessivamente si aggira intorno ai 19mld di dollari.
Il titolo ha toccato il suo minimo qualche settimana fa a 22,19$ e oggi a mezz’ora dall’apertura quota a 33,19$ in flessione del 3,21%.
Much of the loss falls on the investment bankin, because that more closely linked to subprime mortgages, the loss is around 15.5mld Swiss francs. The CEO of UBS, Rohner, announced that exposure to subprime mortgages amounted to 26.3 billion U.S. dollars, but it seems that in the first quarter of 2008, the bank reduced its exposure in the real estate sector through improvements to the evaluations and with divestitures, leading to the devaluation 15Mld dollars.
data arriving from the first quarter of 2008 confirm the negative moment of the Swiss bank, yet another loss of 7.64 billion dollars on subprime loans, the crisis has blown up the number 1 Ospel of UBS.
But the rescue of the bank came to the bottom "GIC" from Singapore and a Middle Eastern investor for a cash injection which would be around 15mld francs. Today
are confirmed cuts equal to 5500 units by mid-2009 that are children of heavy losses on subprime mortgage markets, investment banking in 2600, the losses incurred during 2007 and first quarter of 2008 represented a large ballast that undermines the stability of the institution in Switzerland. In addition there are entries for the sale of mortgage loans as it relates to an American company to acquire assets for 22mld dollars. UBS is
la prima banca a maggiore esposizione europea sul mercato dei mutui americani dove l’incaglio complessivamente si aggira intorno ai 19mld di dollari.
Il titolo ha toccato il suo minimo qualche settimana fa a 22,19$ e oggi a mezz’ora dall’apertura quota a 33,19$ in flessione del 3,21%.
andrew tancredi - analista indipendente
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