Subprime Writedowns and Losses for Major Financials
I've already posted twice an aggregated sum of writedowns caused by the sub-prime meltdown. It is time to see an updated version of losses for major financial institutions. This time I've added a column with the amount of raised capital and money infusions for the respective institutions.
Altogether financial losses account for $592 billion. Up to now, raised capital and money infusion are $443 billion. You can see that since last time, the total sum has been almost tripled.
| Ticker | Losses | Capital Received | |
| Citigroup | (C) | 61 | 71 |
| Wachovia | (WB) | 52.7 | 11 |
| Merrill Lynch | (MER) | 52.2 | 29.9 |
| Washington Mutual | (WM) | 45.6 | 12.1 |
| UBS | (UBS) | 44.2 | 27.3 |
| HSBC | (HBC) | 27.4 | 5.1 |
| Bank of America | (BAC) | 27.4 | 30.7 |
| JPMorgan Chase | (JPM) | 18.8 | 19.7 |
| Morgan Stanley | (MS) | 15.7 | 14.6 |
| IKB Deutsche Industriebank | (IKBDF) | 4.1 | 11.6 |
| Lehman Brothers | (LEHMQ.PK) | 13.8 | 13.9 |
| Royal Bank of Scotland | (RBS) | 13.6 | 22.2 |
| Credit Suisse | (CS) | 10.1 | 3 |
| Wells Fargo | (WFC) | 10 | 5.8 |
| Deutsche Bank | (DB) | 9.9 | 6 |
| TOTAL | 592.9 | 443 |
Losses include subprime and mortgage writedowns, reserves for bad mortgages and loans, credit losses. Capital received includes preferred shares, bonds, convertible bonds, and direct stakes.
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This article has 5 comments:
- PrudentMan, CFA
- 93 Comments
Oct 13 09:16 AMGive them enough credit and the will hang themselves and then we (statist socialists) will be in charge of the governemnt: Treasury, FBI, Military, Supreme Court Justices (+2), Courts, Defense, Homeland Security.
Got it all without firing a gun!
- peter6
- 5 Comments
Oct 14 08:13 AM- jsparrow
- 2 Comments
Oct 14 10:47 AMOn Oct 14 08:13 AM peter6 wrote:
> For what it is worth, you omit Goldman Sachs and AIG.
- nyka
- 141 Comments
Oct 14 12:58 PM- jsparrow
- 2 Comments
Oct 14 01:50 PMI got the same question, will the stock ever go up? or this company is out of picture.. bankcruptcy and then it will be shut down eventually. Lehman no more?
If any one thinks that their stock would ever go up or even hit th 1 dollar mark.?
On Oct 14 12:58 PM nyka wrote:
> jsparrow That's the questin? What's a "questin"? Out of picture???
> Out of WHAT picture????