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Swiss Offer UBS $60B Bailout

Troubled banking giant will get capital injection, offload bad debts

By Jason Farago, Newser Staff

Posted Oct 16, 2008 6:46 AM CDT

(Newser) – Switzerland became the latest nation to shore up struggling banks, reports the Telegraph, as it bailed out UBS to the tune of $60 billion today. The Swiss central bank will offer UBS a capital injection of $6 billion in exchange for 9% of the company,... Read full story »

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Swiss Offer UBS $60B Bailout

Troubled banking giant will get capital injection, offload bad debts

Credit Suisse • Switzerland • UBS • mortgage backed securities • bailout • Swiss National Bank • financial crisis

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They're near deal to settle allegations on mortgage-bond deals

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Treasury's new idea would allow private investors to profit from bailouts

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Bailout Turns to Shore Up Credit Unions

$41B will focus on largest; most haven't seen a dime yet

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