UBS yesterday said it was creating a structure to buy back $3.5bn worth of debt from some investors locked out of the collapsed auction-rate securities market, one of the biggest casualties of the credit crunch.
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Ubs to buy back $3.5bn of debt
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Bank of America, Morgan Stanley selling debt
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Barclays ``to emerge stronger'' from credit turmoil
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European investment banks in 'crisis mode,' UBS analysts say
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Bank of America settles with investors
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Jpmorgan to buy back securities
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ECB pumps more than $93 billion into money markets
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Barclays shareholders buy less than a fifth of shares on offer
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Qatar raises $5bn from bond issue
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Treasuries giving back ground amid rally on Wall Street
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Qantas focused on paying debt
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Debt management plans offer payments on high interest rate debts --
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Lenders in pledge to help
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Aussies feel crunch from credit card debts
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Ansell launches share buyback
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Government to charge interest on crisis loans
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Misys to commence a buy back of its shares in the market