Saturday, February 2, 2008

Total writedown and credit losses due to subprime crisis.

Table below contains all write-down and credit loss for major world banks and brokerages. Up to now total amount is 146 billion USD. Report shows impact of financial crisis from the beginning 2007 till now. Numbers are including subprime and mortage writedowns, credit losses, reserves for bad mortages and loans.

Numbers are in bln USD at 31.Jan 2008. Data are purged from profits from financial hedging.


CompanyWritedownCredit lossTotal
Merrill Lynch (MER)24,5024,5
Citigroup (C)19,62,522,1
UBS (UBS)18,4018,4
HSBC (HBC)0,99,810,7
Morgan Stanley (MS)9,409,4
Bank of America (BAC)70,97,9
Washington Mutual (WM)0,36,26,5
Credit Agricole (CRARF)505
Wachovia (WB)2,724,7
Société Générale (SCGLY)3,603,6
JP Morgan Chase (JPM)1,61,63,2
CIBC (CM)3,203,2
Barclays (BCS)2,702,7
Bear Stearns (BSC)2,602,6
Mizuho Finacial (MFG)2,602,6
Royal Bank of Scotland (RBS)2,502,5
Deutsche Bank (DB)2,302,3
West LB202
Wells Fargo (WFC)0,31,41,7
Lehman Brothers (LEH)1,501,5
National City (NCC)0,411,4
BNP Paribas (BNP)0,90,21,1
Credit Suisse (CS)101
Nomura Hldgs. (NMR)101
other Asian banks2,50,63,1
other Canadian banks1,50,11,6

Comments

11 Responses to "Total writedown and credit losses due to subprime crisis."

Anonymous said... February 7, 2008 at 1:52 PM

Am I the only one that finds Deutsche Bank AG's 4Q writedown of only $50 million EXTREMELY unlikely given the strongly widened credit spreads in that period and the reported 3Q writedown of $3.17 BILLION?!

Vlada, Czech Republic said... February 7, 2008 at 6:17 PM

Thank for your remark. Did DB provide any guidance for writedown decrease you mentioned?

Vlada, Czech Republic said... February 7, 2008 at 9:20 PM

I just read Deutsche Bank quartal report. And 50 million Euro seems to me impressive but almost unrealistic. Especially after UBS losses.

Anonymous said... February 10, 2008 at 2:53 PM

Have the european banks not been offloading their securities to the ECB, certainly the spanish banks have.

Vlada, Czech Republic said... February 10, 2008 at 4:55 PM

This offload by ECB is open only for Spanish banks to support mortage sector due to sharp slowndown in property market.

Anonymous said... April 1, 2008 at 9:55 PM

Today's released numbers from Deutsche Bank and UBS revealed that it is not so good as it looked before.
19 bln USD resp. 5 bln. USD.

Anonymous said... April 15, 2008 at 12:11 AM

Do anyone where to find the updated table of writedowns?

Anonymous said... April 15, 2008 at 12:12 AM

Does anyone know where to find the updated table of writedowns?

Vlada, Czech Republic said... April 15, 2008 at 6:50 AM

I cannot find updated version as well.

Vlada, Czech Republic said... April 15, 2008 at 9:22 AM

I will try to prepare updated table for total writedowns soon.

Cyrille_UK said... April 19, 2008 at 2:38 PM

Hi Vlada. I have put an updated version of the subprime writedowns table on my blog http://cyrilleuk.blogspot.com/2008/04/subprime-losses-reach-232-billion-with.html

Your blog is really interesting. Congratulations!