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Tag: $UBS

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UBS, a diversified global financial services company, soared by 8.91% to $16.50 per share yesterday when the company reported a better-than-expected second quarter earnings. Sentiment on the stock was downbeat during the second quarter as evidenced by the stock’s decline because of the scare that was brought about by the debt crisis in the euro zone.

Banks roll out $70 billion loan program

Posted by moneyman on September 15th, 2008

A group of global banks and securities firms announced late Sunday a $70 billion loan program that financial companies can tap to help ease a credit shortage that threatens global financial markets.

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