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Old 10.10.2008, 18:17
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Re: How Safe is UBS

hi Muze, the end result's not in, but early indications for the Lehman debt auction is a recovery rate of 9.75 cents on the dollar.
However, UBS said a few weeks ago its exposure to Lehman was less than $300 million. This sounds like a lot, but isn't in the scheme of things for UBS.

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Part of the unrest today is fear about the Lehman settlements that are due today, if I understand things correctly. Anyone know how much UBS is into Lehman? Is there added risk in that sense to UBS today?
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