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  • Magnus of UBS Says Credit Cycle at 'Top'; Subprime Risks Higher

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Magnus of UBS Says Credit Cycle at 'Top'; Subprime Risks Higher

Magnus of UBS Says Credit Cycle at 'Top'; Subprime Risks Higher

George Magnus, senior economic adviser to UBS AG, talks with Bloomberg's Rishaad Salamat in London about Bear Stearns Cos.'s failed hedge funds and the possible impact of U.S. subprime loan losses on the European credit market. Bear Stearns told investors in its two failed hedge funds that they will get little if any money back after ``unprecedented declines'' in the value of AAA rated securities used to bet on subprime mortgages. (Source: Bloomberg)

Bloomberg | July 18, 2007Watch more videos from Bloomberg

Tags:. .market. .rated. .source. .securities. .used

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