BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Is Ubs Guaranteeing Blackrocks Returns

Market Movers

by Felix Salmon
Main
Are More Patents Really a Good Thing?   Droppe the CEO!

Recent Blog Posts

Links

May 08 2008 12:00am EDT

Is UBS Guaranteeing BlackRock's Returns?

Michael de la Merced got a timely interview with BlackRock's Laurence Fink this week, and the resulting story is well worth reading. But one question is not cleared up: what does this mean, exactly, on the subject of the $15 billion of subprime paper that BlackRock is buying from UBS?

Mr Fink is being cautious, demanding a 15pc return on the assets or UBS will have to take further writedowns, but the deal remains significant.

Is UBS really guaranteeing BlackRock a 15% return? And if so, what's the point of "selling" the paper to BlackRock in the first place?

blog comments powered by Disqus
 
Feedbackpowered byPowered by WebUltra
U.S. Uncovered
Rich City, Poor City

Which cities were still making money during the recession and which went under? Our analysis.

Don't Mess With Texas Small Biz

Best U.S. metro areas that are most conducive to the creation and development of small businesses.

A Sporting Chance

A look at the places best primed economically to host a major-league sports franchise.

spotlight on

Multimedia

Wealth Central

The Great Recession certainly took its toll on cities across the United States. But even with high unemployment rates and declining wages, some communities have done very well for themselves. View Interactive Feature