Calculated Risk makes a good catch on a MarketWatch rewrite of a rewrite of a German newspaper story reporting that UBS and Credit Suisse are likely to have to raise $68 billion in new capital. By our math, our post makes this information at least fifth-hand..
OK, I’m excerpting from a MarketWatch story quoting a summary by Agence-France Presse of an article in Sonntag quoting a Swiss parliamentarian. I’m sure all the details are correct!
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