UBS - en av världens största och, hittills, mest välrenommerade banker - löste den delikata uppgiften på nedanstående sätt.
Vilket bör bevaras för framtiden:
UBS strengthens capital base and adjusts valuations
UBS has introduced measures to substantially strengthen its capital position, adding CHF 19.4 billion of BIS Tier 1 capital. These include an issue of CHF 13 billion of new capital. This has been placed with two strategic investors: Government of Singapore Investment Corporation Pte. Ltd. (GIC), with CHF 11 billion, and an undisclosed strategic investor in the Middle East with CHF 2 billion.
At the same time, UBS has revised key input parameters of the models that are used to estimate lifetime default and resulting losses for sub-prime mortgage pools. As a result of these revisions, UBS will write down its US sub-prime holdings by approximately a further USD 10 billion.
After these actions, UBS projects a strong BIS Tier 1 ratio of above 12%.
Bush plan Subprimes