(AFX UK Focus) 2008-11-28 16:30 UPDATE 1-UBS slashes target on Bank of America by 48 pct (Interactive Investor)
(AFX UK Focus) 2008-11-28 16:30 UPDATE 1-UBS slashes target on Bank of America by 48 pct (Interactive Investor)
(Changes source; recasts, adds analyst comments, background) Nov 28 (Reuters) - UBS slashed its price target on Bank of America Corp by 48 percent, citing tighter credit conditions, uncertainty over near-term prospects of the Merrill Lynch & Co deal and risk of additional writedowns. Tight credit conditions will continue into 2009 as banks focus on maintaining sufficient capital and liquidity …
PRESS RELEASE:Fitch Takes Rating Actions On UK Build Societies (Nasdaq)
Fitch Ratings-London-21 November 2008: Fitch Ratings has today taken various rating actions on nine UK building societies. The actions include downgrades of the Long-term Issuer Default ratings (IDR) of three building societies and the Short-term IDR of three building societies.