Special Report: How the U.S. Cracked Open Secret Vaults at UBS
(Reuters) — After the collapse of Lehman Brothers in September 2008, Switzerland’s largest bank was teetering. UBS, which was more than three times bigger than Lehman in terms of assets, had to write down some $50 billion during that tumultuous period.
Investors the world over breathed a sigh of relief on October 16 when the Swiss government rescued UBS. But unbeknownst to them at the time, the bank faced a potentially devastating crisis on a very different front.
SEE ALSO
- Boop, There It Is! Tony Nominee Jasmine Amy Rogers Is Making History As Broadway’s First Black Betty Boop — And She’s Just Getting Started [Exclusive]
- Gym Etiquette 101: 10 Rules Every Respectful Member Should Follow
- Pastor Keion & Lady Shaunie Henderson’s Cry Out Con 2025 Delivers Soul, Spirit And Strength
- From Basic To Bomb: 5 Ways To Elevate Your Sex Game This Summer
- Celebrity Hairstylist Dee Michelle Talks Hair Health & Her Invisible K-Tip Method
