FACTBOX: Write-downs and losses at major global banks

Tue Jan 22, 2008 2:21pm EST
 
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(Reuters) - The following is a list of banks' write-downs of subprime mortgage loans, leveraged loan commitments, and other assets since September. To date, major banks have forecast or announced more than $75 billion of write-downs and losses. Date Bank Write-down or Type of loss Period covered

credit loss Jan 22 Bank of America $5.3 bln Collateralized debt obligations 4th qtr Jan 22 Wachovia $1.5 bln Credit losses 4th qtr Jan 15 Citigroup $18.1 bln Subprime mortgages 4th qtr Jan 15 Citigroup $4.1 bln Consumer loans 4th qtr Dec 20 Bear Stearns $1.9 bln subprime mortgages 4th qtr Dec 19 Morgan Stanley $9.4 bln mortgages and assets 4th qtr Dec 13 Lehman Brothers $830 mln real estate, asset-backed securities 4th qtr Dec 10 UBS AG $10 bln subprime mortgages 4th qtr Dec 6 Royal Bank Scotland $2.5 bln investment banking 2007* Nov 15 Barclays $2.6 bln subprime mortgages 2007 Nov 13 Scotiabank C$135 mln asset-backed commercial paper 4th qtr

($141 mln) structured credit Nov 13 Royal Bank Canada C$160 mln subprime mortgages 4th qtr

($168 mln) Nov 6 Capital One $4.9-5.5 bln credit losses 2008 Nov 14 HSBC $3.4 bln mortgages 3rd qtr Nov 6 Commerzbank 300 mln euros subprime mortgages 3rd qtr

($440.5 mln) October 24 Merrill Lynch $8.4 bln CDOs, subprime 3rd qtr (Reporting by Ed Leefeldt, editing by John Wallace)

 
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