RCM's MacDonald Sees UBS Gaining 15% in 'Medium Term': Video

Lucy MacDonald, chief investment officer of global equities at RCM Ltd., talks with Bloomberg's Mark Barton in London about UBS AG's decision to write down its U.S. subprime mortgage investments by $10 billion and her investment strategy for financial stocks. UBS, Europe's largest bank by assets, said it also plans to raise 13 billion francs ($11.5 billion) selling bonds convertible into shares to Government of Singapore Investment Corporation Pte. and an unidentified Middle Eastern investor. (Source: Bloomberg)

Bloomberg | December 10, 2007

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