UBS has no plans to buy back toxic assets from SNB

From Reuters:

Swiss bank UBS currently has no plans to buy back toxic assets which were transferred to the country’s central bank last autumn as part of a government rescue package, a spokeswoman said on Thursday,.

UBS could consider such a course of action at some point in the future, spokeswoman Sabine Jaenecke said, responding to an article in Swiss magazine Bilanz about the toxic assets.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza