List of writedowns due to subprime crisis

From Wikipedia, the free encyclopedia

[edit] Table

Write-downs on the value of loans, MBS and CDOs due to the subprime mortgage crisis
Company Business Type Loss (Billion $)
Flag of Switzerland UBS AG bank $37.7 bln [1] [2][3]
Flag of the United States Citigroup bank $39.1 bln [4] [5] [6][7]
Flag of the United States Merrill Lynch investment bank $29.1 bln [8] [9][10]
Flag of the United States Morgan Stanley investment bank $11.5 bln [11] [12][13]
Flag of France Crédit Agricole bank $4.8 bln [14]
Flag of the United Kingdom HSBC bank $20.4 bln [15][16][17]
Flag of the United States Bank of America bank $7.95 bln [18][19][20]
Flag of Canada CIBC bank $3.2 bln [21]
Flag of Germany Deutsche Bank bank $11.2 bln [22] [23][24][25]
Flag of Japan Mizuho Financial Group bank $5.5 bln [26]
Flag of the United Kingdom Barclays Capital investment bank $3.1 bln [27]
Flag of the United States Bear Stearns investment bank $2.6 bln [28] [29]
Flag of the United Kingdom Royal Bank of Scotland bank $15.2 bln [30][31][32][33][34]
Flag of the United States Washington Mutual savings and loan $2.4 bln [35] [36]
Flag of Switzerland Swiss Re re-insurance $2.04 bln [37][38]
Flag of the United States Lehman Brothers investment bank $3.93 bln [39][40]
Flag of Germany LBBW bank $1.1 bln [41]
Flag of the United States JP Morgan Chase bank $5.5 bln [42] [12][43]
Flag of the United States Goldman Sachs investment bank $1.5 bln [44] [11]
Flag of the United States Freddie Mac mortgage GSE $4.3 bln [45]
Flag of Switzerland Credit Suisse bank $9.0 bln [46][47]
Flag of the United States Wells Fargo bank $2.9 bln [48][49]
Flag of the United States Wachovia bank $5.0 bln [50][51][52]
Flag of Canada RBC bank $1.2 bln [53] [54][55]
Flag of the United States Fannie Mae mortgage GSE $0.896 bln [56]
Flag of the United States MBIA bond insurance $3.3 bln [57]
Flag of Germany Hypo Real Estate bank $0.580 bln [58]
Flag of the United States Ambac Financial Group bond insurance $3.5 bln [59] [60] [61]
Flag of Germany Commerzbank bank $1.1 bln [62]
Flag of France Société Générale bank $3.0 bln [63] [64]
Flag of France BNP Paribas bank $0.870 bln [65] [66]
Flag of Germany WestLB bank $2.74 bln [67][68]
Flag of the United States American International Group insurance $11.1 bln [69][70]
Flag of Germany BayernLB bank $6.7 bln [71]
Flag of France Natixis bank $1.75 bln [72]
Flag of the United States Countrywide mortgage bank $4.0 bln [73][74]
Flag of Germany DZ Bank bank $2.1 bln [75]
Flag of Belgium Fortis bank $2.3 bln [76]
Flag of India ICICI Bank bank $0.264 bln [77]
Flag of Germany IKB Deutsche Industriebank bank $3.45 bln [78]
Flag of Japan Aozora Bank bank $0.397 bln [79]
Flag of Germany Dresdner Bank bank $3.49 bln[80][81]
Flag of the United Kingdom HBOS bank $7.06 bln [82][83][84]
Flag of the United Kingdom Lloyds TSB bank $1.32 bln [85]
  1. ^ UBS Writes Down $14 Billion - Financials * Europe * News * Story - MSNBC.com (2008). Retrieved on 2008-02-24.
  2. ^ Elena Logutenkova; Elizabeth Hester. "UBS Reports Record Loss After $14 Billion Writedown (Update7)", Bloomberg.com, New York City, United States: Bloomberg LP, 2008-01-30. Retrieved on 2008-02-24. 
  3. ^ Elena Logutenkova. "UBS Says Ospel Resigns After Writedowns Lead to Loss (Update7)", Bloomberg.com, New York City, United States: Bloomberg LP, 2008-04-01. Retrieved on 2008-04-01. 
  4. ^ "CNNMoney.com: 404 Page Not Found". Retrieved on 2008-02-24. [dead link]
  5. ^ Financial News and Information from Financial News Online US (2008). Retrieved on 2008-02-24.
  6. ^ The article you've requested is no longer available. (2008). Retrieved on 2008-02-24.
  7. ^ [Walsh] (2008-04-18). Citigroup to shed 9,000 jobs after posting $5.1bn loss. guardian.co.uk. Guardian Media Group. Retrieved on 2008-05-17.
  8. ^ Bradley Keoun. ""Startling" $8 billion loss for Merrill Lynch", The Seattle Times, Frank A. Blethen, 2007-10-25. Retrieved on 2008-02-24. 
  9. ^ CORRECTED - UPDATE 2-Merrill Lynch takes about $16 bln in write-downs (2008). Retrieved on 2008-02-24.
  10. ^ http://online.wsj.com/article/SB120841417790622457.html?mod=googlenews_wsj
  11. ^ a b "More woes for Morgan Stanley - Dec. 19, 2007". Retrieved on 2008-02-24. 
  12. ^ a b Goldman CEO sees no big write-down as firm shorts mortgages - MarketWatch (2008). Retrieved on 2008-02-24.
  13. ^ http://money.cnn.com/2008/03/19/news/companies/morgan_stanley/?postversion=2008031908
  14. ^ Bloomberg.com: Worldwide (2008). Retrieved on 2008-02-24.
  15. ^ BBC NEWS | Business | HSBC in $17bn credit crisis loss
  16. ^ HSBC in $17 billion write-down
  17. ^ http://www.rttnews.com/Content/sector-market-trends.aspx?Node=B5&Id=603213
  18. ^ http://www.nytimes.com/2008/01/23/business/23bank.html?partner=rssnyt&emc=rss&pagewanted=all
  19. ^ http://www.forbes.com/business/2007/10/18/bank-america-derailed-biz-cx_lm_1018bank.html
  20. ^ http://money.cnn.com/2008/04/21/news/companies/bankofamerica/?postversion=2008042113
  21. ^ Bloomberg.com: Canada (2008). Retrieved on 2008-02-24.
  22. ^ Meltdown costs Deutsche Bank €2.2bn (2008). Retrieved on 2008-02-24.
  23. ^ "Deutsche Bank Writes Down $3.1 Billion - New York Times". Retrieved on 2008-02-24. 
  24. ^ "404 Not Found". [dead link]
  25. ^ http://www.nytimes.com/2008/04/30/business/worldbusiness/30deutsche.html?ref=worldbusiness
  26. ^ "Mizuho stung by $5.5 billion in subprime pain". Retrieved on 2008-04-20. 
  27. ^ Barclays, Credit Suisse report trouble from credit market - USATODAY.com (2008). Retrieved on 2008-02-24.
  28. ^ "Bear Stearns takes $1.9B writedown in fourth quarter - Dec. 20, 2007". Retrieved on 2008-02-24. 
  29. ^ "Bear Stearns Takes a $1.2 Billion Write-Down - New York Times". Retrieved on 2008-02-24. 
  30. ^ "A Smaller Write-Down at Royal Bank - New York Times". Retrieved on 2008-02-24. 
  31. ^ FT Alphaville » Blog Archive » Adding up is hard to do with RBS
  32. ^ http://www.bloomberg.com/apps/news?pid=20601087&sid=a4NaiOWvy.ic&refer=home
  33. ^ http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080428/REG/983196993/-1/DATAMINING
  34. ^ http://business.scotsman.com/royalbankofscotland/RBS-job-cuts-Bank-admits.4027479.jp
  35. ^ Bloomberg.com: Worldwide (2008). Retrieved on 2008-02-24.
  36. ^ Washington Mutual 3Q Earnings to Tumble - washingtonpost.com (2008). Retrieved on 2008-02-24.
  37. ^ Swiss Re hit by $1 bln credit market insurance loss (2008). Retrieved on 2008-02-24.
  38. ^ http://www.bloomberg.com/apps/news?pid=20601087&sid=amxJWcUVMoFo&refer=home
  39. ^ http://money.cnn.com/2008/04/01/news/companies/banks_liquidity.ap/index.htm?postversion=2008040111
  40. ^ http://www.forbes.com/markets/2008/03/31/lehman-finance-bear-markets-equity-cx_ra_0331markets40.html
  41. ^ FT.com / Companies / Financial services - LBBW faces €800m writedown (2008). Retrieved on 2008-02-24.
  42. ^ "JPMorgan Chase profit falls 34 percent - Jan. 16, 2008". Retrieved on 2008-02-24. 
  43. ^ http://www.washingtonpost.com/wp-dyn/content/article/2008/04/16/AR2008041603483.html?hpid=moreheadlines
  44. ^ Bear takes $700 mln in write-downs on mortgages, loan commitments - MarketWatch (2008). Retrieved on 2008-02-24.
  45. ^ http://money.cnn.com/galleries/2008/fortune/0804/gallery.F500_losers.fortune/5.html
  46. ^ "New $2.8 Billion Write-Down Jolts Credit Suisse - New York Times". Retrieved on 2008-02-24. 
  47. ^ http://ap.google.com/article/ALeqM5gvuWIjNlceE5BfWYrG1eoftAkcKwD908687G1
  48. ^ Wells Fargo No Longer Unscathed, Notes $1.4 Billion Loss - Business on The Huffington Post (2008). Retrieved on 2008-02-24.
  49. ^ http://finchannel.com/index.php?option=com_content&task=view&id=10752&Itemid=13
  50. ^ http://economictimes.indiatimes.com/News/International__Business/Wachovia_faces_heat_may_write_down_over_15_bn_in_Q4/articleshow/2665901.cms
  51. ^ http://www.forbes.com/2008/01/22/bankofamerica-wachovia-financials-markets-equity-cx-ra-0122markets23.html
  52. ^ http://news.bbc.co.uk/2/hi/business/7346312.stm
  53. ^ TheStar.com (2008). Retrieved on 2008-02-24.
  54. ^ [http://www.bloomberg.com/apps/news?pid=20601082&refer=canada&sid=a5XURGXPfKh8 Bloomberg.com: Canada] (2008). Retrieved on 2008-02-24.
  55. ^ http://www.nytimes.com/2008/05/15/business/worldbusiness/15royal.html?ref=worldbusiness
  56. ^ "Fannie Mae may face more losses on the bonds it holds - Dec. 4, 2007". Retrieved on 2008-02-24. 
  57. ^ Market Mixed On MBIA, Countrywide - Forbes.com (2008). Retrieved on 2008-02-24.
  58. ^ "German bank hit by sub-prime woes". Retrieved on 2008-02-24. 
  59. ^ Bloomberg.com: Exclusive (2008). Retrieved on 2008-02-24.
  60. ^ Ambac Tumbles on More Subprime Fallout (2008). Retrieved on 2008-02-24.
  61. ^ CREDIT WRAPUP 3-US subprime losses grow, top Japan bank hit too (2008). Retrieved on 2008-02-24.
  62. ^ "Writedown clouds Commerzbank gain". Retrieved on 2008-02-24. 
  63. ^ The article you've requested is no longer available. (2008). Retrieved on 2008-02-24.
  64. ^ U.S. Stocks Add To Gains - Forbes.com (2008). Retrieved on 2008-02-24.
  65. ^ The Associated Press: BNP 4Q Net Profit May Sink 42 Pct (2008). Retrieved on 2008-02-24.
  66. ^ Free Preview - WSJ.com (2008). Retrieved on 2008-02-24.
  67. ^ WestLB Posts 1.6 Billion-Euro Loss on Writedowns (2008). Retrieved on 2008-04-03.
  68. ^ http://www.x-rates.com/d/USD/EUR/hist2007.html
  69. ^ Forbes
  70. ^ CNN
  71. ^ [http://www.bloomberg.com/apps/news?pid=20601087&sid=aT.zl66zdQwE&refer=home Bloomberg.com: Germany] (2008). Retrieved on 2008-04-03.
  72. ^ "French bank reveals bad debt loss". Retrieved on 2008-02-24. 
  73. ^ FACTBOX-Subprime crisis affects banks worldwide (2008). Retrieved on 2008-02-24.
  74. ^ http://www.usatoday.com/money/companies/earnings/2008-04-29-countrywide-loss_N.htm
  75. ^ Germany's DZ Bank writes down nearly €1.4 billion in subprime-related investments - International Herald Tribune
  76. ^ Bloomberg.com: Europe
  77. ^ Govardhana, Rangan (2008-03-04). ICICI Bank's Marked-to-Market Loss $264.34 Million.
  78. ^ http://afp.google.com/article/ALeqM5g1M60Kt9hi8CKV21XOLnM7uqAQeQ
  79. ^ http://www.japancorp.net/Article.Asp?Art_ID=17840
  80. ^ http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3837396.ece
  81. ^ http://www.x-rates.com/d/USD/EUR/hist2008.html
  82. ^ http://thescotsman.scotsman.com/business/HBOS-4bn-cash-call-turns.4032640.jp
  83. ^ http://www.x-rates.com/d/USD/GBP/hist2008.html
  84. ^ http://www.forbes.com/afxnewslimited/feeds/afx/2008/04/29/afx4945005.html
  85. ^ http://www.independent.co.uk/news/business/news/lloyds-in-new-163387m-writedown-822232.html