There is a law of investments that is as immutable and unforgiving as the law of gravity: Investments with High Yields have High Risks. Focusing on the potential earnings and losing sight of the safety of the principal is what happened to many who were hit by the subprime tsunami.
The trick in taking […]
Switzerland, banking haven of secret accounts, has been hit in a big way by the US subprime crisis.
The largest Swiss bank, UBS (which also has more than 30,000 employees in its US subsidiaries & affiliates), has been forced to write down $ 37 billion in losses from American subprime mortgages. Like many overseas […]
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