UBS is in talks with Bank of China about possibly forming a "mutually beneficial co-operation partnership."UBS said such a partnership "would include commercial co-operation in certain areas of investment banking yet to be agreed, and the possibility that UBS could invest approximately [$500 million] to become a strategic investor in BOC." The Zurich, Switzerland-based investment banking firm said further details are "confidential." UBS can be found on the Web at http://www.ubs.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry