New Hampshire securities regulators say they’ll have a major announcement today about their investigation of a company that underwrites student loans in the state.
The company is UBS Securities LLC, which helps the nonprofit New Hampshire Higher Education Loan Corporation raise money to make loans. The nonprofit has scaled back lending because of turmoil in credit markets.
Last week, the lender complained about UBS and asked it for a line of credit.
UBS Securities is the investment banking part of the Swiss banking giant UBS AG. Last week, the parent company announced a big settlement to help investors who bought auction-rate securities.