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List of writedowns due to subprime crisis

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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. 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. ^ a b Ellis, David (2007-12-19). "More woes for Morgan Stanley - Dec. 19, 2007". CNN. Retrieved 2008-02-24.
  11. ^ a b "Goldman CEO sees no big write-down as firm shorts mortgages - MarketWatch". 2007. Retrieved 2008-02-24.
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  24. ^ a b "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.
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  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.
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  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.
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  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.
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  49. ^ "Wachovia faces heat, may write down over .5 bn in Q4- International Business-News-The Economic Times". The Times Of India. [dead link‍]
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  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". Retrieved 2008-02-24.
  58. ^ "German bank hit by sub-prime woes". BBC News. 2008-01-15. Retrieved 2008-02-24.
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  60. ^ "Ambac Tumbles on More Subprime Fallout". 2008. Retrieved 2008-02-24.
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  72. ^ "French bank reveals bad debt loss". BBC News. 2008-02-15. Retrieved 2008-02-24.
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  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
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  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
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  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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