Jase

European Banks To Consider - Barron's

RBS is still on shaky ground, IMHO. UBS, however, has been among the most proactive in removing gangrene assets. UBS may continue to have minor write downs (minuscule, in comparison to what they purged earlier in the year)... I strongly believe that this is already priced in; it's a bargain under $35 per share and they'll benefit from any European bailout. If their future was bleak, then news released at the recent shareholder meeting last Thursday would have caused it to plummet. The opposite happened--it gained strength on heavy volume on one of the darkest trading days of the year.