Saturday, April 19, 2008

Total subprime writedowns.

On the beginning of February I posted article about total credit market losses and write-downs (Total writedowns Feb 2008).

On this post I received comment from Cyrille from UK. He informed us about updated losses. Have a look to the progress within 2 months, total losses have deepened from 146 billion USD to 231 billion USD.

Data source: Bloomberg.

Company                 Writedown Credit l.   Total

UBS (UBS) 38 38
Merrill Lynch (MER) 25.1 25.1
Citigroup (C) 21.4 2.5 23.9
HSBC (HBC) 3 9.4 12.4
Morgan Stanley (MS) 11.7 11.7
IKB Deutsche 9 9
Bank of America (BAC 7.3 0.9 8.2
Deutsche Bank (DB) 7.4 7.4
Credit Agricole (CRARF) 6.5 6.5
Credit Suisse (CS) 6.3 6.3
Washington Mutual (WM) 0.3 5.5 5.8
JPMorgan Chase (JPM) 2.9 2.1 5
Wachovia (WB) 2.9 2 4.9
Canadian Imperial (CIBC) 4 4
Societe Generale (SCGLY) 3.8 3.8
Mizuho Financial (MFG) 3.4 3.4
Lehman Brothers (LEH) 3.3 3.3
Barclays (BCS) 3.2 3.2
R. Bank of Scotland (RBS) 3.1 3.1
Goldman Sachs (GS) 3 3
Dresdner 2.7 2.7
Bear Stearns (BSC) 2.6 2.6
ABN Amro (ABN) 2.4 2.4
Fortis (FORSY) 2.3 2.3
Natixis (NTXFF) 1.9 1.9
HSH Nordbank 1.7 1.7
Wells Fargo (WFC) 0.3 1.4 1.7
BNP Paribas (BNP) 1.3 0.3 1.6
DZ Bank 1.5 1.5
National City (NCC) 0.4 1 1.4
Bank of China (BACHF) 1.3 1.3
Bayerische Landesbank 1.3 1.3
Caisse d'Epargne 1.3 1.3
LB Baden-Wuerttemberg 1.3 1.3
Nomura Holdings (NMR) 1 1
Sumitomo Mitsui 1 1
Gulf International 1 1
other European banks 8.4 8.4
other Asian banks 4 0.7 4.7
other Canadian banks 2.4 0.1 2.5

____ _____ _____

TOTALS* 206 25.8 231.8

Comments

2 Responses to "Total subprime writedowns."

Antony said... April 19, 2008 at 5:50 PM

$12 bln USD more losses for Citigroup announced last week. Which makes total $32 bln writedowns. Second worst after UBS.

ACCS said... July 11, 2008 at 3:02 AM

Does anyone have an update for this number since the new round of writedowns??