Sunday, February 3, 2008

UBS facing subprime banking investigations: report (Reuters)



A general view shows the UBS office at the Bahnhofstrasse in Zurich January 31, 2008. U.S. government prosecutors are investigating whether Swiss banking giant UBS misled investors by reporting inflated prices of mortgage-backed securities it held despite knowing those valuations had eroded, the Wall Street Journal said on Saturday. (Arnd Wiegmann/Reuters)Reuters - U.S. government prosecutors are
investigating whether Swiss banking giant UBS misled investors
by reporting inflated prices of mortgage-backed securities it
held despite knowing those valuations had eroded, the Wall
Street Journal said on Saturday.




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