FACTBOX-Global writedowns and credit losses
July 30 (Reuters) - British bank Lloyds TSB (LLOY.L)
reported a 70 percent drop in first-half profits following a 585
million pound ($1.2 billion) hit from its exposure to risky
assets and warned that bad debts on mortgages are rising as
house prices fall.
Below is a breakdown of an estimated $341 billion of credit-related writedowns and losses recorded by major institutions since the credit crunch hit in the third quarter of 2007.
FIRM AMOUNT
(Billion Dollars) Citigroup (C.N) 46.40 UBS (UBSN.VX) 36.70 Merrill Lynch MER.N 36.8 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 Ambac (ABK.N) 9.22 Credit Suisse (CSGN.VX) 9.17 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 Lloyds TSB (LLOY.L) 2.6 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 Commerzbank (CBKG.DE) 1.24 Mitsubishi UFJ (8306.T) 1.19 Sumitomo (8316.T) 1.19
Grand Total 341.23 * Estimates based on writedowns, 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. Additional writing by Carl Bagh; editing by Elaine Hardcastle)
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