The U.S. banking sector remains in flux, highlighted by the underlying problems with The Bear Stearns Companies, Inc. (NYSE/BSC), which had been speculated to be on the verge of bankruptcy due to the credit market problems in the United States. As I have said in previous commentaries, the condition of the U.S. banking system remains characterized by uncertainties and sector risk.
On Tuesday morning, more bad news emerged from Switzerland-based UBS AG (NYS...
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