SNB reveals Stabfund portfolio
The Swiss National Bank (SNB) has detailed the toxic assets it bought from UBS in a bid to save the bank from failure.
The SNB in October 2008 set up the Stabilisation Fund, which from December 2008 to April 2009 bought $38.7 billion of UBS's most toxic assets, investing $34.7 billion of its own capital along with $3.9 billion in UBS equity.
In its accountability report, released Wednesday, the SNB specified the assets by region, investment category and currency. As of April 2009, the bulk of
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