UBS says it will buy back $19 billion-worth of auction-rate securities from its customers. With billions of losses already on its books, can UBS afford it?
Bob Moon reports that maybe they can't afford not to.
More banks to join securities settlement
As many as six banks are said to have agreed to buy back securities from the failed auction-rate market as part of a settlement with federal regulators. Is a global settlement in the works?...
Citi to buy back $7 billion in bonds
After some nudging by authorities, Citigroup says it'll buy back billions of dollars worth of auction-rate securities to settle accusations of fraudulent sales. Bob Moon reports.
States sue over auction-rate bonds
New York is reportedly considering securities fraud charges against UBS. The bank and other lenders have faced criticism and legal action over their sale of auction-rate securities. Amy Scott...
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Kata R-102 GDC Rucksack for DSLR Cameras and...
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