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Old 06.10.2008, 23:10
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Re: How Safe is UBS

And from the US today positives & negatives;

"Bank of America reported a steep decline in earnings today that fell far short of analysts expectations. Net income fell to $1.18 billion, far worse than Wall Street's consensus forecasts of a net profit of $3.22 billion
The banking giant also slashed its dividend in half and revealed plans to raise $10 billion through a stock sale.
Shares, which fell 6.5% during regular trading Monday, tumbled an additional 7% after the closing bell."

&

"Bank of America will cut monthly housing payments, including mortgage, property taxes and insurance, to no more than 34% of gross income. The move is expected to help keep as many as 400,000 troubled borrowers in their homes."

Marton
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