Archive for the ‘Ubs’ tag
Weekly Retail Sales Soar Y/Y in ICSC-UBS and Redbook Surveys
Retail sales advanced by their biggest margin so far
this year, advancing 2.9% on a year-over-year basis in the week ending
Aug. 2, according to a weekly survey from the International Council of
Shopping Centers (ICSC) and UBS Securities. Similarly, the Johnson
Redbook retail survey recorded a 3.5% gain in the week compared to last
year.
The Home Equity ATM Machine Slows in First Half of 2008
Whatever else is going on in the housing market, it appears that
Americans are no longer using their homes as gigantic credit
cards to finance new cars, tuition, and vacations.
Freddie Mac’s report on cash-out refinancing for the first half of
2008 showed that the number of homeowners taking that option was the
lowest in three years.
Still, a substantial number of those refinancing Freddie Mac-owned
loans approximately 66 percent did so with new loans that were…
New York Sues UBS Over Auction Rate Securities
New York Attorney General Andrew Cuomo said he is
suing UBS AG for misleading investors into buying auction-rate securities
just five months before the market collapsed.
“Not only is UBS guilty of committing a flagrant breach of trust
between the bank and its customers, its top executives jumped ship as
soon as the securities market started to collapse, leaving…