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FACTBOX-Global write-downs and credit losses
NEW YORK, June 5 (Reuters) - Financial institutions worldwide have suffered more than $300 billion of write-downs and credit losses during the credit crisis. Below is a breakdown of an estimated $335 billion of credit-related write-downs and losses recorded by major institutions since the credit crunch hit in the third quarter of 2007. FIRM $ AMOUNT (Billions) Citigroup (C.N) 46.40 UBS (UBSN.VX) 36.70 Merrill Lynch MER.N 31.10 AIG (AIG.N) 20.23 HSBC (HSBA.L) 18.70 RBS (RBS.L) 16.50 IKB IKBG.DE 14.73 Bank of America (BAC.N) 14.60 Morgan Stanley (MS.N) 11.70 Credit Suisse (CSGN.VX) 9.17 Ambac ABK.N 9.22 Wachovia WB.N 8.90 MBIA Inc (MBI.N) 8.41 Washington Mutual (WM.N) 8.10 Deutsche Bank (DBKGn.DE) 7.35 HBOS HBOS.L 6.90 Bayerische Landesbank 6.75 BLGGgg.F Societe Generale(SOGN.PA) 6.40 Mizuho Financial Group (8411.T) 6.24 JPMorgan (JPM.N) 6.05 Barclays (BARC.L) 5.20 Dresdner Bank (ALVG.DE) 3.45 Bear Stearns 3.40 Fortis FOR.BR 3.10 WestLB WDLGgb.F 3.10 BNP Paribas (BNPP.PA) 2.70 UniCredit (CRDI.MI) 2.70 Nomura Holdings (8604.T) 2.46 DZ Bank DGBGg.F 2.00 Natixis (CNAT.PA) 2.00 Swiss Re RUKN.VX 1.85 HSH Nordbank [HSH.UL] 1.70 LBBW 1.70 Lloyds TSB (LLOY.L) 1.40 Commerzbank CBKG.DE 1.24 Mitsubishi UFJ (8306.T) 1.19 Sumitomo (8316.T) 1.19
Grand Total 334.53 * Estimates based on write-downs, loss provisions and trading losses from subprime securities, mortgages, CDOs, derivatives, and SIVs. * Sources: Reuters, company filings (Reporting by Jonathan Stempel, Dan Wilchins, Steven Bertoni, Steve Slater, John O'Donnell and Lilla Zuill)
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