Monument to Wall Street Glory Becomes Just Another Mortgage Loss
- AVG Partners buys loan on UBS’s former Stamford trading floor
- Transaction deals $100 million loss to investors in the debt
People work on the UBS trading floor in Stamford, Connecticut, on Aug. 23, 2011.
Photographer: Douglas Healey/BloombergThis article is for subscribers only.
It was once a symbol of everything that went right on Wall Street -- a mighty cathedral of frenetic trading on the Connecticut Gold Coast.
Today, 677 Washington Boulevard in Stamford, once home to the world’s largest trading floor, is a monument to debt, default and the shifting fortunes of global finance.