Home > Market View, News Analysis > Banker’s write-downs in the US

Banker’s write-downs in the US

Saturday, November 10, 2007 Leave a comment Go to comments

Here are some figures for write-downs by US banks due to subprime issues. The total till date is about $45 billion.Looks like worst is yet to come!All these folks are sitting on many credit derivatives whose value is likely is fall further.This spells more trouble for dollar and US markets. Check out the latest stories on US mortgage market on “Mortgage Blues”.

Citigroup *$13.7 bln
Morgan Stanley $4.6 bln
Deutsche Bank $3.1 bln
JP Morgan $1.6 bln
Wachovia Bank *$1.1 bln
Lehman Bros. $0.7 bln

Data: Companies, since Q3 * Est.

Advertisements
Categories: Market View, News Analysis Tags:
  1. shyam
    Saturday, November 10, 2007 at 10:13 pm

    Sage !
    your answer ‘up from 5500 and down from 6000 ‘
    indicates that you have a good sense of humour too.

    shyam.

  2. sagecapital
    Saturday, November 10, 2007 at 8:13 pm

    Sankar- Current level is up from 5500 and down from 6000.

  3. Saturday, November 10, 2007 at 3:51 pm

    what about current market level down or up

  4. Mahe
    Saturday, November 10, 2007 at 1:08 pm

    For those who are bit puzzled can check below links which bring in more insight on Subprime issue

    http://media.ft.com/cms/c0b7a3f6-6dbf-11dc-b8ab-0000779fd2ac.swf (Interactive Presentation)

    http://en.wikipedia.org/wiki/Subprime_mortgage_financial_crisis

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: