UBS' ABS Unit Waits For Clarity On Cuts

10 Nov 2011

Uncertainty rippled through UBS’ securitization group after a European newspaper reported Wednesday that the Swiss bank will shutter its U.S. asset-backed business.

Uncertainty rippled through UBS’securitization groupafter a European newspaper reported Wednesday that the Swiss bank will shutter its U.S. asset-backed business. Top officials at the bank in New York were unable to clarify the situation and it is still unclear if only the consumer ABS unit is ...

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