List of writedowns due to subprime crisis

Last updated

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

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


References

  1. ↑ "UBS Writes Down $14 Billion - Financials * Europe * News * Story - MSNBC.com". CNBC . 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. Archived from the original on 2012-03-19. 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.
  11. 1 2 "Goldman CEO sees no big write-down as firm shorts mortgages - MarketWatch". 2007. 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. Archived from the original on 2009-02-21. Retrieved 2008-06-09.
  16. ↑ RTTNews - Financial News Analysis, Coverage Reiterated, Sector/Indices Articles, Stock Market News, Broker Ratings Archived 2011-05-22 at the Wayback Machine
  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. Archived from the original on 2007-12-04. Retrieved 2008-02-24.
  22. ↑ Landler, Mark (2007-10-03). "Deutsche Bank Writes Down $3.1 Billion - New York Times". The New York Times. Retrieved 2008-02-24.
  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. Archived from the original on 2008-04-13. 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.
  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.
  29. ↑ "A Smaller Write-Down at Royal Bank - New York Times". The New York Times. 2007-12-07. Retrieved 2008-02-24.
  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. Archived from the original on 2018-01-21. Retrieved 2021-02-10.
  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.
  36. ↑ "Swiss Re hit by $1 bln credit market insurance loss". Reuters. 2007-11-19. Retrieved 2008-02-24.
  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.[ dead link ]
  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 Archived 2008-07-24 at the Wayback Machine
  53. ↑ "Royal Bank hit by subprime loss". The Star. Toronto. 2007-11-13. Retrieved 2008-02-24.
  54. ↑ "Bloomberg.com: Canada". 2008. Retrieved 2008-02-24.
  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.
  57. ↑ Schaefer, Steve (2008-01-09). "Market Mixed On MBIA, Countrywide - Forbes.com". Archived from the original on March 17, 2008. 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. Archived from the original on March 18, 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 January 29, 2008. Retrieved 2008-02-24.
  65. ↑ "The Associated Press: BNP 4Q Net Profit May Sink 42 Pct". 2008. Archived from the original on 2007-06-09. 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 [ permanent dead link ]
  71. ↑ "Bloomberg.com: Germany". 2008. Retrieved 2008-04-03.
  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 Archived 2011-05-20 at the Wayback Machine
  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. Archived from the original on July 19, 2008. 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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.