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Banks Hurting
By: Hedge Fund Consultant   Thursday, March 06, 2008 6:34 PM

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Bloomberg's list of banks who have written down assets through Q4 of 2007 and Q1 of 2008:

1. Merrill Lynch - $24.5bn in write downs and credit losses

2. Citi - $22.4bn

3. UBS - $18.1bn

4. HSBC - $17.2bn

5. Morgan Stanley - $9.4bn

6. IKB - $8.7bn

7. Bank of America - $7.9bn

8. Credit Agricole - $5.1bn

9. Credit Suisse - $4.8bn

10. Wachovia - $4.7bn

11. CIBC - $4.2bn

12. SocGen - $3.7bn

13. Barclays - $3.2bn

14. Mizuho Financial - $3.3bn

15. JPMorgan Chase - $3.2bn

16. Royal Bank of Scotland - $3.1bn

17. Bayerische Landesbank - $2.9bn

18. Dresdner - $2.7bn

19. Bear Stearns - $2.6bn

20. Deutsche Bank - $2.4bn

21. Natixis - $1.8bn

22. Fortis - $1.8bn

23. Lehman Brothers - $1.5bn

24. DZ Bank - $1.5bn

25. BNP Paribas - $1.2bn

26. Nomura Holdings - $1bn

- Richard


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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