Wealth and Asset Management
How UBS Spread the Pain of Puerto Rico's Debt Crisis to Clients
UBS had a good thing going in Puerto Rico. The Swiss bank served as an adviser to the commonwealth’s Employees Retirement System, led the underwriting of a $2.9 billion bond issue for the pension agency in 2008, and then stuffed half of those bonds into a family of closed-end mutual…
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Click here to read the full story: Bloomberg Business