More of the same… Tuesday, April 1, 2008
Posted by ei-forum in Miscellaneous.trackback
Just a quick update on recent news:
- UBS just announced that it would write down another $19 billion related to U.S. real estate and related structured credit positions and that its chairman, would step down.
- Deutsche Bank said that it expected a first-quarter loss of about $3.9 billion on write-downs of United States real estate loans and assets.
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