FACTBOX-U.S., European bank writedowns, credit losses

Sept 24 (Reuters) - Top U.S. and European banks have lost
over $1 trillion on toxic assets and from bad loans since the
start of 2007.

Losses by banks from 2007-10 are expected to reach almost
$2.5 trillion, roughly split between losses on securities
and loans, according to International Monetary Fund forecasts.

U.S. banks will take a $1.6 trillion hit and European bank
losses will reach $737 billion, the IMF said.

Below is a list of estimated losses (in billions of dollars
at current exchange rates):

BANK 2007 2008 2009 YTD TOTAL
Citigroup (C.N) 29.1 63.4 21.8 $114.3
Wachovia Corp* 4.0 73.4 $77.4
Merrill Lynch** 25.1 38.6 $63.7
HSBC (HSBA.L) 19.3 30.3 13.9 $63.5
Bank of America (BAC.N) 12.1 29.2 17.2 $58.5
Lloyds (LLOY.L)& 6.8 28.9 22.3 $58.0
UBS (UBSN.VX) 50.6 3.1 $53.7
Royal Bk Scotland (RBS.L) 7.0 23.5 19.6 $50.1
Fannie Mae FNM.N 4.7 26.9 15.4 $47.0
Freddie Mac FRE.N 5.2 24.4 12.8 $42.4
Washington Mutual*** 5.1 36.7 $41.8
Barclays (BARC.L) 7.0 16.5 13.1 $38.0
Lehman Brothers**** 12.5 14.0 $26.5
JPMorgan Chase (JPM.N) 4.5 10.2 10.4 $25.1
Commerzbank/Dresdner (CBKG.DE) 3.9 13.3 4.5 $22.3
Morgan Stanley (MS.N) 10.3 10.1 1.7 $22.1
Wells Fargo (WFC.N) 3.5 8.7 8.2 $20.4
Santander (SAN.MC) 4.8 8.3 6.6 $19.7
Deutsche Bank (DBKGn.DE) 4.0 11.2 3.6 $18.8
Credit Suisse (CSGN.VX) 3.5 11.9 1.5 $16.9
IKB && $14.7
National City***** $14.0
BNP Paribas+ (BNPP.PA) 2.4 8.0 2.5 $12.9
Unicredit (CRDI.MI) 3.5 5.1 2.4 $11.0
C.Agricole+ (CAGR.PA) 2.7 4.4 3.1 $10.2
ING (ING.AS) 7.1 2.4 $9.5
Bayern LB 1.1 8.0 $9.1
Intesa Sanpaolo (ISP.MI) 1.6 4.5 2.6 $8.7
Societe Gen+ (SOGN.PA) 1.3 3.7 3.4 $8.5
Goldman Sachs (GS.N) 1.7 4.9 1.9 $8.5
BBVA (BBVA.MC) 2.7 4.2 1.3 $8.1
Natixis+ (CNAT.PA) 2.0 2.5 3.1 $7.6
Canadian Imp Bk Commerce $6.5
Erste Bank (ERST.VI) 0.8 2.5 1.3 $4.6
Standard Chartered (STAN.L) 0.8 1.8 1.1 $3.7
Bear Stearns****** 3.0 0.6 $3.6
Fortis $3.1
WestLB $3.0
Rabobank 0.8 1.7 $2.5
===============================================================
Total $1,040.0

Sources: Reuters/annual reports/company filings)

Estimates based on writedowns and losses from subprime
securities, mortgages, CDOs, derivatives and SIVs, and credit
losses and loan loss provisions.

NOTES:

* Acquired by Wells Fargo at the end of last year.

** Acquired by Bank of America on Jan 1.

*** Assets acquired by JPMorgan in September.

**** Filed for bankruptcy in September.

***** Bought by PNC Financial Services Group in December.

****** Bought by JPMorgan in March 2008.

& Includes HBOS, taken over by Lloyds in January.

&& Bought by Lone Star in August after state-led
bailouts.

+ France bank estimates based on 'cost of risk'.

(Compiled by David Cutler, Steve Slater and Elinor Comlay;
Editing by Dan Lalor)