UBS to mark down auction-rate securities - CNNMoney.com trade business

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UBS to mark down auction-rate securities - CNNMoney.com


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UBS to mark down auction-rate securities
CNNMoney.com - 3 hours ago
TORONTO Thomson Financial - UBS (NYSE:UBS) AG said Friday it is cutting the value of auction-rate securities in its brokerage customers' accounts, the first confirmation that problems with the securities have eroded the principal holdings of investors.
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