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

 Nov 5 (Reuters) - Top U.S. and European banks have lost
more than $1 trillion on toxic assets and from bad loans since
the start of 2007, and were expected to top $2.8 trillion from
2007-10 with roughly two thirds from loans and the remainder on
securities, according to International Monetary Fund forecasts.
 U.S. banks were expected to take a $1 trillion hit and
European bank losses will reach $1.6 trillion, the IMF said at
the end of September. It said U.S. banks were about 60 percent
through their losses, but British and eurozone banks were only
40 percent through their writedowns. [ID:nLU99400]
 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     $124.0
 Wachovia Corp*                 4.0     73.4               $77.4
 Bank of America BAC.N       12.1     29.2     27.0      $68.3
 Merrill Lynch**               25.1     38.6               $63.7
 HSBC HSBA.L                 19.3     30.3     13.9      $63.5
 Lloyds LLOY.L&               6.8     28.9     22.3      $58.0
 UBS UBSN.VX                          50.6      1.7      $52.3
 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
 JPMorgan Chase JPM.N         4.5     10.2     16.8      $31.5
 Lehman Brothers****           12.5     14.0               $26.5
 Santander SAN.MC             4.8      8.3     10.6      $23.7
 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
 Deutsche Bank DBKGn.DE       4.0     11.2      3.1      $18.3
 Credit Suisse CSGN.VX        3.5     11.9      1.9      $17.3
 IKB &&                                                    $14.7
 National City*****                                        $14.0
 BNP Paribas+ BNPP.PA         2.4      8.0      3.4      $13.8
 BBVA BBVA.MC                 2.7      4.2      5.5      $12.4
 UniCredit CRDI.MI            3.5      5.1      2.4      $11.0
 Societe Gen+ SOGN.PA         1.3      3.7      5.8      $10.8
 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
 Goldman Sachs GS.N           1.7      4.9      1.9       $8.5
 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                                                 $1,075.9
 
 (Sources: Reuters/annual reports/company filings)
 Estimates based on writedowns and losses from subprime
securities, mortgages, CDOs, derivatives and SIVs, and losses on
bad loans, or non-performing loans. The definition of a bad loan
is complex and can vary between countries and often includes a
provision for future loan losses.
 NOTES:
 *      Acquired by Wells Fargo at the end of 2008.
 **     Acquired by Bank of America on Jan 1, 2009.
 ***    Assets acquired by JPMorgan in Sept. 2008.
 ****   Filed for bankruptcy in Sept. 2008.
 *****  Bought by PNC Financial Services Group in Dec. 2008.
 ****** Bought by JPMorgan in March 2008.
 &      Includes HBOS, taken over by Lloyds in Jan. 2009.
 &&     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;)

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