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Results for writedowns. Search took 1.70 seconds.
Writedowns reduced but bad loans to increase
in Sox First, on September 30, 2009
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First the good news! The International Monetary Fund has scaled back the global writedowns for banks and other financial institutions to a mere $3.4 trillion. So that's $600 billion less of w...
Murdoch's desperate ploy
in Sox First, on August 7, 2009
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Rupert Murdoch's News Corporation has reported a $203 million loss on the back of writedowns and plunging advertising revenues. Look at the numbers in these accounts, they are truly ugly. T...
The Two Trillion Dollar Meltdown by Charles R Morris
in Sox First, on February 20, 2009
... for a period of what he calls The Great Unwinding where we will see a shock-and-awe surge of asset writedowns and widespread collateral defaults. The global financial system will be in catastrophe. A...
Citi slickers
in Sox First, on November 25, 2008
...nd US taxpayers foot the bill. As Bloomberg notes, it will put US taxpayers at more risk as debt writedowns continue to escalate. This is very different from the original TARP program where the...
US market: it's back to 1997
in Sox First, on November 21, 2008
...dex have collapsed, plunging to the lowest level since 1997. Bloomberg says the collapse comes as writedowns and credit losses stemming from the collapse of the subprime mortgage market reaches $965...
Banks: trouble ahead
in Sox First, on August 27, 2008
... The world's largest banks and securities firms have announced more than $500 billion in asset writedowns and credit losses. Not a good scene and it looks bleak with part of the process involves ...
Merrill Lynch's day of reckoning
in Sox First, on July 29, 2008
...nother $5.7 billion in write-downs on subprime mortgages. Significantly, Merrill Lynch's total writedowns are now put at close to $40 billion . Merrill's woes coincide with the warning fro...
Banking squeeze
in Sox First, on June 10, 2008
Let's take yesterday's expected announcement by Lehman Brothers of a $2.8 billion loss and $6 billion capital raising in context. It coincides with the Bank of International Settlements issuing its latest quarterly financial report makes it quite clear that the banks simply don'...
Banks play the accounting shell game
in Sox First, on May 20, 2008
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Alarming news that banks and securities firms are hiding $35 billion of writedowns. Instead of putting this stuff on their income statements, where it will hit the bottom line, they are leaving ...
UBS woes
in Sox First, on May 7, 2008
... other. It's been the biggest casualty of the credit crunch among major European banks. Massive writedowns of more than $37bn have cost the jobs of its chief executive, Peter Wuffli, and the chair...
Money to burn: UBS and the banking strategy crisis
in Sox First, on April 25, 2008
After writing off nearly $38 billion of bone-headed investments since the subprime crisis began last year, more than any other lender, and destroying all the profit it had generated since 2004, troubled Swiss banker UBS has announced it will keep its investment bank under tight control, even s...
More funny money on Wall Street
in Sox First, on November 14, 2007
...hich means they will continue to take a bearish stance on the mortgage market, and there will be no writedowns. Still, the amount of Level 3 assets on its books suggests we need to watch this space. ...
Keeping My Money with E-Trade (For Now)
in The Personal Finance Weblog, on November 12, 2007
...lling me that they can weather the financial storm even though they warned of disastrous sub-prime writedowns and Citi said the company could potentially go bankrupt (although Citi's barely one ...
Charles Prince resigns - the domino theory of market meltdowns
in Sox First, on November 5, 2007
...ves. It could also have an impact on the market. Asian stocks fell after Citigroup announced its writedowns. Clearly, the subprime diaster will continue to take its toll, both on executives and inv...
Fear and loathing on Wall Street
in Sox First, on November 2, 2007
... Add to that The Wall Street Journal report that Merrill Lynch, which ended up with $8 billion of writedowns, was doing deals with hedge funds to cover up its mortgage related problems. Investors a...
Bailout warnings
in Sox First, on September 4, 2007
...to solve the problem says Alan Abelson at Barron's . "Softening the tax bite on mortgage writedowns and allowing homeowners who are delinquent by more than three months and who have a decen...
Subprime fallout: the bears are out
in Sox First, on June 27, 2007
...uyouts ends up? Or binges of consumer spending? "There will be shocks, both in terms of asset writedowns and lower earnings or losses. More important, though, is that asset prices themselves wil...