Write-downs on the value of loans, MBS and CDOs due to the subprime mortgage crisis.
CompanyBusiness Type Loss (Billion USD)References UBS bank $37.7 bln Citigroup bank $39.1 bln Merrill Lynch investment bank $29.1 bln Morgan Stanley investment bank $11.5 bln Crédit Agricole bank $4.8 bln HSBC bank $20.4 bln RTTNews - Financial News Analysis, Coverage Reiterated, Sector/Indices Articles, Stock Market News, Broker Ratings Bank of America bank $7.95 bln Canadian Imperial Bank of Commerce bank $3.2 bln Deutsche Bank bank $7.7 bln Mizuho Financial Group bank $5.5 bln Barclays bank $3.1 bln Bear Stearns investment bank $2.6 bln Royal Bank of Scotland bank $15.2 bln Washington Mutual savings and loan $2.4 bln Swiss Re reinsurance $2.04 bln Lehman Brothers investment bank $3.93 bln Landesbank Baden-Württemberg bank $1.1 bln JPMorgan bank $5.5 bln Goldman Sachs investment bank $1.5 bln Freddie Mac mortgage GSE $4.3 bln Credit Suisse bank $9.0 bln Wells Fargo bank $2.9 bln Wachovia bank $11.1 bln Wachovia Press Releases Royal Bank of Canada bank $1.2 bln Fannie Mae mortgage GSE $0.896 bln Municipal Bond Insurance Association bond insurance $3.3 bln Hypo Real Estate bank $0.580 bln Ambac Financial Group bond insurance $3.5 bln Commerzbank bank $1.1 bln Société Générale bank $3.0 bln BNP Paribas bank $0.870 bln WestLB bank $2.74 bln AIG insurance $11.1 bln CNN Landesbank Bayern bank $6.7 bln Natixis bank $1.75 bln Countrywide Financial mortgage bank $4.0 bln DZ Bank bank $2.1 bln Germany's DZ Bank writes down nearly €1.4 billion in subprime-related investments - International Herald Tribune Fortis bank $2.3 bln ICICI Bank bank $0.264 bln IKB Deutsche Industriebank bank $3.45 bln AFP: More bad news at German subprime casualty IKB Aozora Bank bank $0.397 bln Dresdner Bank bank $3.49 bln Lloyds Banking Group bank $8.38 bln Bank of China bank $2.0 bln Industrial and Commercial Bank of China bank $0.448 bln
Bloomberg, May 19, 2008 Bloomberg, August 12, 2008 (commentary )
References