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