1.0 link 90177 <![CDATA[UBS Whopped By Fire Sale Talk]]> http://www.huffingtonpost.com/2008/03/06/ubs-whopped-by-fire-sale-_n_90177.html UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan.

UBS was "highly likely" to have sold the securities in a fire sale, according to J.P. Morgan analyst Kian Abouhossein, noting press speculation on the subject.

"We see the speculated level of 70 cents on the dollar as realistic in a fire sale," he said in a note to clients on Thursday, adding the current market price is probably...

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