(Bloomberg) -- UBS AG, Barclays Plc and other
European lenders may not be able to ``wash their hands'' of the
special firms they set up to issue U.S. mortgage-backed bonds and
collateralized debt obligations, CreditSights Inc. said.
European institutions may support the so-called special-
purpose entities, even though they were designed to have no
recourse to the banks in the event of losses, such as those
stemming from the slump in the subprime market, analyst Simon
Adamson in London said.
Read more at Bloomberg Bonds News
European lenders may not be able to ``wash their hands'' of the
special firms they set up to issue U.S. mortgage-backed bonds and
collateralized debt obligations, CreditSights Inc. said.
European institutions may support the so-called special-
purpose entities, even though they were designed to have no
recourse to the banks in the event of losses, such as those
stemming from the slump in the subprime market, analyst Simon
Adamson in London said.
Read more at Bloomberg Bonds News
No comments:
Post a Comment