List of writedowns due to subprime crisis

Write-downs on the value of loans, MBS and CDOs due to the subprime mortgage crisis.

Company Business Type Loss (Billion USD) References
Switzerland UBS bank $37.7 bln [1][2][3]
United States Citigroup bank $39.1 bln [4][5][6]
United States Merrill Lynch investment bank $29.1 bln [7][8][9]
United States Morgan Stanley investment bank $11.5 bln [10][11][12]
France Crédit Agricole bank $4.8 bln [13]
United Kingdom HSBC bank $20.4 bln [14][15][16]
United States Bank of America bank $7.95 bln [17][18][19]
Canada Canadian Imperial Bank of Commerce bank $3.2 bln [20]
Germany Deutsche Bank bank $7.7 bln [21][22][23][24]
Japan Mizuho Financial Group bank $5.5 bln [25]
United Kingdom Barclays bank $3.1 bln [26]
United States Bear Stearns investment bank $2.6 bln [27][28]
United Kingdom Royal Bank of Scotland bank $15.2 bln [29][30][31][32][33]
United States Washington Mutual savings and loan $2.4 bln [34][35]
Switzerland Swiss Re reinsurance $2.04 bln [36][37]
United States Lehman Brothers investment bank $3.93 bln [38][39]
Germany Landesbank Baden-Württemberg bank $1.1 bln [40]
United States JPMorgan bank $5.5 bln [11][41][42]
United States Goldman Sachs investment bank $1.5 bln [10][43]
United States Freddie Mac mortgage GSE $4.3 bln [44]
Switzerland Credit Suisse bank $9.0 bln [45][46]
United States Wells Fargo bank $2.9 bln [47][48]
United States Wachovia bank $11.1 bln [49][50][51][52]
Canada Royal Bank of Canada bank $1.2 bln [53][54][55]
United States Fannie Mae mortgage GSE $0.896 bln [56]
United States Municipal Bond Insurance Association bond insurance $3.3 bln [57]
Germany Hypo Real Estate bank $0.580 bln [58]
United States Ambac Financial Group bond insurance $3.5 bln [59][60][61]
Germany Commerzbank bank $1.1 bln [62]
France Société Générale bank $3.0 bln [63][64]
France BNP Paribas bank $0.870 bln [65][66]
Germany WestLB bank $2.74 bln [67][68]
United States AIG insurance $11.1 bln [69][70]
Germany Landesbank Bayern bank $6.7 bln [71]
France Natixis bank $1.75 bln [72]
United States Countrywide Financial mortgage bank $4.0 bln [73][74]
Germany DZ Bank bank $2.1 bln [75]
Belgium Fortis bank $2.3 bln [76]
India ICICI Bank bank $0.264 bln [77]
Germany IKB Deutsche Industriebank bank $3.45 bln [78]
Japan Aozora Bank bank $0.397 bln [79]
Germany Dresdner Bank bank $3.49 bln [80][81]
United Kingdom Lloyds Banking Group bank $8.38 bln [82]
China Bank of China bank $2.0 bln [24]
China Industrial and Commercial Bank of China bank $0.448 bln [83]

References

  1. ↑ "UBS Writes Down $14 Billion - Financials * Europe * News * Story - MSNBC.com". 2008. Retrieved 2008-02-24.
  2. ↑ Elena Logutenkova; Elizabeth Hester (2008-01-30). "UBS Reports Record Loss After $14 Billion Writedown (Update7)". Bloomberg.com (New York City, United States: Bloomberg LP). Retrieved 2008-02-24.
  3. ↑ Elena Logutenkova (2008-04-01). "UBS Says Ospel Resigns After Writedowns Lead to Loss (Update7)". Bloomberg.com (New York City, United States: Bloomberg LP). Retrieved 2008-04-01.
  4. ↑ "Financial News and Information from Financial News Online US". 2008. Retrieved 2008-02-24.
  5. ↑ "The article you've requested is no longer available.". 2008. Archived from the original on January 18, 2008. Retrieved 2008-02-24.
  6. ↑ Fiona Walsh (2008-04-18). "Citigroup to shed 9,000 jobs after posting $5.1bn loss". guardian.co.uk (Manchester, United Kingdom: Guardian Media Group). Retrieved 2008-05-17.
  7. ↑ Bradley Keoun (2007-10-25). ""Startling" $8 billion loss for Merrill Lynch". The Seattle Times (Frank A. Blethen). Retrieved 2008-02-24.
  8. ↑ McLaughlin, Tim (2008-01-17). "CORRECTED - UPDATE 2-Merrill Lynch takes about $16 bln in write-downs". Reuters. Retrieved 2008-02-24.
  9. ↑ Craig, Susanne (2008-04-18). "Great Expectations for Merrill CEO". The Wall Street Journal.
  10. 1 2 Ellis, David (2007-12-19). "More woes for Morgan Stanley - Dec. 19, 2007". CNN. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  11. 1 2 "Goldman CEO sees no big write-down as firm shorts mortgages - MarketWatch". 2008. Retrieved 2008-02-24.
  12. ↑ Ellis, David (2008-03-19). "Morgan Stanley: Profit down, shares up". CNN. Retrieved 2010-05-11.
  13. ↑ "Bloomberg.com: Worldwide". 2008. Retrieved 2008-02-24.
  14. ↑ "HSBC in $17bn credit crisis loss". BBC News. 2008-03-03. Retrieved 2010-05-11.
  15. ↑ "HSBC in $17 billion write-down". financemarkets.co.uk.
  16. ↑ RTTNews - Financial News Analysis, Coverage Reiterated, Sector/Indices Articles, Stock Market News, Broker Ratings
  17. ↑ Creswell, Julie (2008-01-23). "Bank of America Joins Parade of Mortgage-Related Losses". The New York Times. Retrieved 2010-05-11.
  18. ↑ "Bank Of America Derailed - Forbes.com". Forbes. Archived from the original on October 20, 2007.
  19. ↑ Ellis, David (2008-04-21). "Bank of America's profit plunges 77%". CNN. Retrieved 2010-05-11.
  20. ↑ "Bloomberg.com: Canada". 2008-01-15. Retrieved 2008-02-24.
  21. ↑ Brodie, Sophie (2007-10-04). "Meltdown costs Deutsche Bank €2.2bn". The Daily Telegraph (London). Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  22. ↑ Landler, Mark (2007-10-03). "Deutsche Bank Writes Down $3.1 Billion - New York Times". The New York Times. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  23. ↑ Landler, Mark (2008-04-30). "Deutsche Bank Posts Quarterly Loss, Evidence of the Reach of the Financial Crisis". The New York Times. Retrieved 2010-05-11.
  24. 1 2 "Subprime Losses Top $379 Billion on Balance-Sheet Marks: Table". Bloomberg. 2008-05-19.
  25. ↑ "Mizuho stung by $5.5 billion in subprime pain". 2008. Retrieved 2008-04-20.
  26. ↑ "Barclays, Credit Suisse report trouble from credit market - USATODAY.com". USA Today. 2008-02-19. Retrieved 2008-02-24.
  27. ↑ Ellis, David (2007-12-20). "Bear Stearns takes $1.9B writedown in fourth quarter - Dec. 20, 2007". CNN. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  28. ↑ THOMAS Jr, LANDON (2007-11-14). "Bear Stearns Takes a $1.2 Billion Write-Down - New York Times". The New York Times. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  29. ↑ "A Smaller Write-Down at Royal Bank - New York Times". The New York Times. 2007-12-07. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  30. ↑ "Adding up is hard to do with RBS". ft.com.
  31. ↑ "RBS May Cut 7,000 Investment Banking Jobs, People Say (Update2)". Bloomberg. 2008-04-28.
  32. ↑ "Huge RBS markdown shows crunch may be long way from over - Financial Week". financialweek.com.
  33. ↑ "RBS job cuts: Bank admits staff losses are". scotsman.com.
  34. ↑ "Bloomberg.com: Worldwide". 2008. Retrieved 2008-02-24.
  35. ↑ "Washington Mutual 3Q Earnings to Tumble - washingtonpost.com". The Washington Post. 2007-10-06. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  36. ↑ "Swiss Re hit by $1 bln credit market insurance loss". Reuters. 2007-11-19. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  37. ↑ "Swiss Re First-Quarter Profit Falls on Writedown (Update6)". Bloomberg. 2008-05-06.
  38. ↑ "My Stocks & Funds". CNN. Archived from the original on April 9, 2008. Retrieved 2010-05-11.
  39. ↑ "Lehman's Preferred Solution - Forbes.com". Forbes. Archived from the original on April 7, 2008.
  40. ↑ "FT.com / Companies / Financial services - LBBW faces €800m writedown". 2008. Retrieved 2008-02-24.
  41. ↑ Ellis, David (2008-01-16). "JPMorgan Chase profit falls 34 percent - Jan. 16, 2008". CNN. Retrieved 2008-02-24.
  42. ↑ "J.P. Morgan Hit Hard by Credit Crisis". The Washington Post. 2008-04-17. Retrieved 2010-05-11.
  43. ↑ "Bear takes $700 mln in write-downs on mortgages, loan commitments - MarketWatch". 2008. Retrieved 2008-02-24.
  44. ↑ "The Fortune 500's biggest losers". CNN. 2008-04-24. Retrieved 2010-05-11.
  45. ↑ Jolly, David (2008-02-20). "New $2.8 Billion Write-Down Jolts Credit Suisse - New York Times". The New York Times. Retrieved 2008-02-24.
  46. ↑ "The Associated Press: Credit Suisse Q1 write-downs of $5.3B drives $2.1B loss". google.com. Archived from the original on 17 May 2008.
  47. ↑ Kung, Michelle (2008). "Wells Fargo No Longer Unscathed, Notes $1.4 Billion Loss - Business on The Huffington Post". Retrieved 2008-02-24.
  48. ↑ "Wells Fargo Earns $2 Billion". finchannel.com.
  49. ↑ "Wachovia faces heat, may write down over .5 bn in Q4- International Business-News-The Economic Times". The Times Of India.
  50. ↑ Ackerman, Ruthie (2008-01-22). "Bank of America, Wachovia Crushed - Forbes.com". Forbes.
  51. ↑ "Wachovia to cut jobs after losses". BBC News. 2008-04-14. Retrieved 2010-05-11.
  52. ↑ Wachovia Press Releases
  53. ↑ "Royal Bank hit by subprime loss". The Star (Toronto). 2007-11-13. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  54. ↑ "Bloomberg.com: Canada". 2008. Retrieved 2008-02-24. horizontal tab character in |title= at position 16 (help)
  55. ↑ "Write-Down at Royal Bank of Canada". The New York Times. 2008-05-15. Retrieved 2010-05-11.
  56. ↑ Eavis, Peter (2007-12-04). "Fannie Mae may face more losses on the bonds it holds - Dec. 4, 2007". CNN. Retrieved 2008-02-24. Check date values in: |year= / |date= mismatch (help)
  57. ↑ Schaefer, Steve (2008-01-09). "Market Mixed On MBIA, Countrywide - Forbes.com". Retrieved 2008-02-24.
  58. ↑ "German bank hit by sub-prime woes". BBC News. 2008-01-15. Retrieved 2008-02-24.
  59. ↑ "Bloomberg.com: Exclusive". 2008-01-17. Retrieved 2008-02-24.
  60. ↑ "Ambac Tumbles on More Subprime Fallout". 2008. Retrieved 2008-02-24.
  61. ↑ Ablan, Jennifer (2008-01-16). "CREDIT WRAPUP 3-US subprime losses grow, top Japan bank hit too". Reuters. Retrieved 2008-02-24.
  62. ↑ "Writedown clouds Commerzbank gain". BBC News. 2008-02-14. Retrieved 2008-02-24.
  63. ↑ "The article you've requested is no longer available.". 2008. Archived from the original on January 29, 2008. Retrieved 2008-02-24.
  64. ↑ "U.S. Stocks Add To Gains - Forbes.com". 2008. Archived from the original on February 29, 2008. Retrieved 2008-02-24.
  65. ↑ "The Associated Press: BNP 4Q Net Profit May Sink 42 Pct". 2008. Retrieved 2008-02-24.
  66. ↑ Parasie, Nicolas (2008-01-30). "Free Preview - WSJ.com". The Wall Street Journal. Retrieved 2008-02-24.
  67. ↑ "WestLB Posts 1.6 Billion-Euro Loss on Writedowns". Bloomberg. 2008-04-02. Retrieved 2008-04-03.
  68. ↑ "Exchange Rate Average (US Dollar, Euro) - X-Rates". x-rates.com.
  69. ↑ "The $400 Billion Black Hole - Forbes.com". forbes.com. Archived from the original on 4 March 2008.
  70. ↑ CNN
  71. ↑ "Bloomberg.com: Germany". 2008. Retrieved 2008-04-03. horizontal tab character in |title= at position 16 (help)
  72. ↑ "French bank reveals bad debt loss". BBC News. 2008-02-15. Retrieved 2008-02-24.
  73. ↑ "FACTBOX-Subprime crisis affects banks worldwide". Reuters. 2008-02-17. Retrieved 2008-02-24.
  74. ↑ "$3B in write-downs send Countrywide to $893M loss". USA Today. 2008-04-29. Retrieved 2010-05-11.
  75. ↑ Germany's DZ Bank writes down nearly €1.4 billion in subprime-related investments - International Herald Tribune
  76. ↑ "Fortis Quarterly Profit Falls on Subprime Writedowns (Update4)". Bloomberg. 2008-03-07.
  77. ↑ Govardhana, Rangan (2008-03-04). "ICICI Bank's Marked-to-Market Loss $264.34 Million". Bloomberg.
  78. ↑ AFP: More bad news at German subprime casualty IKB
  79. ↑ "Aozora Bank Cuts Earnings Estimates on Subprime Mess - Asia Press Release Distribution". JCN Newswire.
  80. ↑ Hasell, Nick (2008-04-29). "Deutsche loses as Dresdner imperils Allianz". The Times (London). Retrieved 2010-05-11.
  81. ↑ "Exchange Rate Average (US Dollar, Euro) - X-Rates". x-rates.com.
  82. ↑ Farrell, Sean (2008-05-07). "Lloyds in new £387m writedown". The Independent (London). Retrieved 2010-05-11.
  83. ↑ "Goldman ICBC Piece Rises Fivefold as Chinese Bank Claims No. 1". Bloomberg. 2008-06-25.
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