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IPFS News Link • Economy - Economics USA

Switzerland to take on $60 billion of UBS assets

10-16-2008 • marketwatch.com

LONDON (MarketWatch) -- The Swiss government on Thursday became the first to take troubled assets off a bank balance sheet, reaching a deal to absorb up to $60 billion in mostly mortgage-related assets from UBS.

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Switzerland to take on $60 billion of UBS assets

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