UBS Moves Closer To Toxic Fund Purchase

16 Aug 2013

UBS has moved closer to acquiring back the Stabilization Fund, created to hold its toxic assets, for $1 billion and half of the fund’s equity from the Swiss National Bank, a purchase that the bank says will raise its core tier one capital by 70 to 90 basis points.

UBS has moved closer to acquiring back the Stabilization Fund, created to hold its toxic assets, for $1 billion and half of the fund’s equity from the Swiss National Bank, a purchase that the bank says will raise its core tier one capital by 70 to 90 basis ...

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