Wednesday, April 2, 2008

Bloomberg: Subprime Losses Reach $232 Billion With UBS, Deutsche

Here is the article (click)

Here is the run-down:

Firm                    Writedown     Credit Loss(a)   Total

UBS 38 38

Merrill Lynch 25.1 25.1

Citigroup 21.4 2.5 23.9

HSBC 3 9.4 12.4

Morgan Stanley 11.7 11.7

IKB Deutsche 9 9

Bank of America 7.3 0.9 8.2

Deutsche Bank 7.4 7.4

Credit Agricole 6.5 6.5

Credit Suisse 6.3 6.3

Washington Mutual 0.3 5.5 5.8

JPMorgan Chase 2.9 2.1 5

Wachovia 2.9 2 4.9

Canadian Imperial (CIBC) 4 4

Societe Generale 3.8 3.8

Mizuho Financial Group 3.4 3.4

Lehman Brothers 3.3 3.3

Barclays 3.2 3.2

Royal Bank of Scotland 3.1 3.1

Goldman Sachs 3 3

Dresdner 2.7 2.7

Bear Stearns 2.6 2.6

ABN Amro 2.4 2.4

Fortis 2.3 2.3

Natixis 1.9 1.9

HSH Nordbank 1.7 1.7

Wells Fargo 0.3 1.4 1.7

BNP Paribas 1.3 0.3 1.6

DZ Bank 1.5 1.5

National City 0.4 1 1.4

Bank of China 1.3 1.3

Bayerische Landesbank 1.3 1.3

Caisse d'Epargne 1.3 1.3

LB Baden-Wuerttemberg 1.3 1.3

Nomura Holdings 1 1

Sumitomo Mitsui 1 1

Gulf International 1 1

European banks not 8.4 8.4
listed above (b)

Asian banks not 4 0.7 4.7
listed above (c)

Canadian banks 2.4 0.1 2.5
excluding CIBC (d)
____ _____ _____

TOTALS* 206 25.8 231.8

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