List of writedowns due to subprime crisis

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Other estimates

• Bloomberg, May 19, 2008
• Bloomberg, August 12, 2008 (commentary[2])

Table

Write-downs on the value of loans, MBS and CDOs due to the subprime mortgage crisis

Company	Business Type	Loss (Billion USD)	References
UBS AG	bank	$37.7 bln	[1][2][3]
Citigroup	bank	$39.1 bln	[4][5][6][7]
Merrill Lynch	investment bank	$29.1 bln	[8][9][10]
Morgan Stanley	investment bank	$11.5 bln	[11][12][13]
Crédit Agricole	bank	$4.8 bln	[14]
HSBC	bank	$20.4 bln	[15][16][17]
Bank of America	bank	$7.95 bln	[18][19][20]
CIBC	bank	$3.2 bln	[21]
Deutsche Bank	bank	$7.7 bln	[22][23][24][25][26]
Mizuho Financial Group	bank	$5.5 bln	[27]
Barclays Capital	investment bank	$3.1 bln	[28]
Bear Stearns	investment bank	$2.6 bln	[29][30]
Royal Bank of Scotland	bank	$15.2 bln	[31][32][33][34][35]
Washington Mutual	savings and loan	$2.4 bln	[36][37]
Swiss Re	re-insurance	$2.04 bln	[38][39]
Lehman Brothers	investment bank	$3.93 bln	[40][41]
LBBW	bank	$1.1 bln	[42]
JP Morgan Chase	bank	$5.5 bln	[12][43][44]
Goldman Sachs	investment bank	$1.5 bln	[11][45]
Freddie Mac	mortgage GSE	$4.3 bln	[46]
Credit Suisse	bank	$9.0 bln	[47][48]
Wells Fargo	bank	$2.9 bln	[49][50]
Wachovia	bank	$11.1 bln	[51][52][53][54]
RBC	bank	$1.2 bln	[55][56][57]
Fannie Mae	mortgage GSE	$0.896 bln	[58]
MBIA	bond insurance	$3.3 bln	[59]
Hypo Real Estate	bank	$0.580 bln	[60]
Ambac Financial Group	bond insurance	$3.5 bln	[61][62][63]
Commerzbank	bank	$1.1 bln	[64]
Société Générale	bank	$3.0 bln	[65][66]
BNP Paribas	bank	$0.870 bln	[67][68]
WestLB	bank	$2.74 bln	[69][70]
American International Group	insurance	$11.1 bln	[71][72]
BayernLB	bank	$6.7 bln	[73]
Natixis	bank	$1.75 bln	[74]
Countrywide	mortgage bank	$4.0 bln	[75][76]
DZ Bank	bank	$2.1 bln	[77]
Fortis	bank	$2.3 bln	[78]
ICICI Bank	bank	$0.264 bln	[79]
IKB Deutsche Industriebank	bank	$3.45 bln	[80]
Aozora Bank	bank	$0.397 bln	[81]
Dresdner Bank	bank	$3.49 bln	[82][83]
HBOS	bank	$7.06 bln	[84][85][86]
Lloyds TSB	bank	$1.32 bln	[87]
Bank of China	bank	$2.0 bln	[26]
ICBC	bank	$0.448 bln	[88]

References

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31. ^ "A Smaller Write-Down at Royal Bank - New York Times". 2008. http://www.nytimes.com/2007/12/07/business/07bank.html?ex=1354683600&en=c7169435710491ef&ei=5090&partner=rssuserland&emc=rss. Retrieved 2008-02-24. 
32. ^ Blog Archive » Adding up is hard to do with RBS from FT Alphaville
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34. ^ Huge RBS markdown shows crunch may be long way from over - Financial Week
35. ^ RBS job cuts: Bank admits staff losses are 'inevitable' - Scotsman.com Business
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38. ^ "Swiss Re hit by $1 bln credit market insurance loss". 2008. http://www.reuters.com/article/ousiv/idUSL1963651820071119. Retrieved 2008-02-24. 
39. ^ Bloomberg.com: Worldwide
40. ^ http://money.cnn.com/2008/04/01/news/companies/banks_liquidity.ap/index.htm?postversion=2008040111
41. ^ Lehman's Preferred Solution - Forbes.com
42. ^ "FT.com / Companies / Financial services - LBBW faces €800m writedown". 2008. http://www.ft.com/cms/s/0/e598e5e0-9dee-11dc-9f68-0000779fd2ac.html. Retrieved 2008-02-24. 
43. ^ "JPMorgan Chase profit falls 34 percent - Jan. 16, 2008". 2008. http://money.cnn.com/2008/01/16/news/companies/jpm_earnings/index.htm. Retrieved 2008-02-24. 
44. ^ J.P. Morgan Hit Hard by Credit Crisis - washingtonpost.com
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50. ^ The FINANCIAL, News That Makes Money, Business News & Multimedia - Wells Fargo Earns $2 Billion, $0.60 EPS
51. ^ Wachovia faces heat, may write down over $1.5 bn in Q4- International Business-News-The Economic Times
52. ^ Bank of America, Wachovia Crushed - Forbes.com
53. ^ BBC NEWS | Business | Wachovia to cut jobs after losses
54. ^ Wachovia Press Releases
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57. ^ Write-Down at Royal Bank of Canada - New York Times
58. ^ "Fannie Mae may face more losses on the bonds it holds - Dec. 4, 2007". 2008. http://money.cnn.com/2007/12/03/magazines/fortune/fannie_eavis.fortune/index.htm?section=money_topstories. Retrieved 2008-02-24. 
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62. ^ "Ambac Tumbles on More Subprime Fallout". 2008. http://www.businessweek.com/investor/content/jan2008/pi20080116_740896.htm?chan=top+news_top+news+index_investing. Retrieved 2008-02-24. 
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76. ^ $3B in write-downs send Countrywide to $893M loss - USATODAY.com
77. ^ Germany's DZ Bank writes down nearly €1.4 billion in subprime-related investments - International Herald Tribune
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79. ^ Govardhana, Rangan (2008-03-04). "ICICI Bank's Marked-to-Market Loss $264.34 Million". http://www.bloomberg.com/apps/news?pid=20601091&sid=agWhFsiOGkyU&refer=india. 
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81. ^ Aozora Bank Cuts Earnings Estimates on Subprime Mess
82. ^ Deutsche loses as Dresdner imperils Allianz - Times Online
83. ^ Monthly Average Graph (American Dollar, Euro) 2008
84. ^ HBOS £4bn cash call turns up the heat - The Scotsman
85. ^ Monthly Average Graph (American Dollar, British Pound) 2008
86. ^ HBOS launches 4 billion pound cash call UPDATE - Forbes.com
87. ^ Lloyds in new £387m writedown - Business News, Business - The Independent
88. ^ Bloomberg.com: News

v • d • e US Subprime mortgage crisis Background and Timeline Background information · Impact timeline Causes United States housing bubble / housing market correction · Role of credit rating agencies · Government policies Impacts and downturns Financial crisis of 2007–2009 · Writedowns · Indirect economic effects Responses Federal Reserve responses · Regulatory responses · Capital Assistance Program · Capital Purchase Program · Economic Stimulus Act of 2008 · Loan modification · Housing and Economic Recovery Act of 2008 · Government intervention · Bankrupt or acquired banks during the financial crisis of 2007–2008 · Federal takeover of Fannie Mae and Freddie Mac · Emergency Economic Stabilization Act of 2008 · Hope Now Alliance · Homeowners Affordability and Stability Plan · Public-Private Investment Program for Legacy Assets · Supervisory Capital Assessment Program · Term Asset-Backed Securities Loan Facility · Troubled Assets Relief Program · Tea Parties (Tax & government spending protests) Related Topics Error accounts  · Property derivatives  · US debt  · Foreclosure rescue scheme

v • d • e Financial crisis of 2007–2009 Late 2000s recession · 2008 G-20 Washington summit · APEC Peru 2008 · 2009 G-20 London Summit · 2009 G-20 Pittsburgh summit · APEC Singapore 2009 Specific issues United States housing market correction · World food price crisis · Energy crisis (Central Asia) · Subprime mortgage crisis (timeline, List of writedowns) · Automotive industry crisis · Future of newspapers · List of entities involved (Bankrupt or acquired banks, Bankrupt retailers) · Effects upon museums · Banking revelations in Ireland · Resurgence of Keynesianism By country (or region) Belgium · Iceland · Ireland · Latvia · Russia · Spain · Ukraine · (Europe · Africa · Americas · Asia · Australasia) Legislation and policy responses Banking and finance stability and reform Banking (Special Provisions) Act 2008 · Commercial Paper Funding Facility · Emergency Economic Stabilization Act of 2008 · Troubled Asset Relief Program · Term Asset-Backed Securities Loan Facility · Temporary Liquidity Guarantee Program · 2008 United Kingdom bank rescue package · 2008 East Asian meetings · Anglo Irish Bank Corporation Act 2009 · 2009 G-20 London Summit · Irish emergency budget, 2009 · National Asset Management Agency Stimulus and recovery National fiscal policy response to the late 2000s recession · Housing and Economic Recovery Act of 2008 · Economic Stimulus Act of 2008 · 2008 Chinese economic stimulus plan · 2008 European Union stimulus plan · American Recovery and Reinvestment Act of 2009 · Green New Deal Companies and banking institutions Companies in bankruptcy, administration, or other insolvency proceedings; or in failure New Century Financial Corporation · Woolworths · American Freedom Mortgage · American Home Mortgage · Bernard L. Madoff Investment Securities LLC · Charter Communications · Lehman Brothers (bankruptcy) · Linens 'n Things · Mervyns · NetBank · Terra Securities (scandal) · Sentinel Management Group · Washington Mutual · Icesave · Kaupthing Singer & Friedlander · Yamato Life · Circuit City · Allco Finance Group · Waterford Wedgwood · Saab Automobile · BearingPoint · Tweeter · Babcock & Brown · Silicon Graphics · Conquest Vacations · General Growth Properties  · Chrysler (bankruptcy) · Thornburg Mortgage · Great Southern Group · General Motors (bankruptcy) · Eddie Bauer · Nortel · BI-LO (United States) · Arena Football League · DSB Bank · CIT Group Government bailouts and takeovers Northern Rock (nationalisation) · Bear Stearns · IndyMac Federal Bank · Fannie Mae (takeover) · Freddie Mac (takeover) · AIG · Bradford & Bingley · Fortis · Glitnir · Hypo Real Estate · Dexia · CL Financial · Landsbanki · Kaupthing · Straumur · ING Group · Citigroup · General Motors · Chrysler · Bank of America · Anglo Irish Bank (nationalisation) · Parex Bank · Bank of Antigua · ACC Capital Holdings (reorganization) · U.S. Central Credit Union · Bank of Ireland · Allied Irish Banks Company acquisitions Ameriquest Mortgage · Countrywide Financial · Bear Stearns · Alliance & Leicester · Merrill Lynch · Washington Mutual · Derbyshire Building Society · Cheshire Building Society · HBOS · Wachovia · Sovereign Bank · Barnsley Building Society · Scarborough Building Society · National City Corp. (details) · Dunfermline Building Society Other topics Alleged frauds and fraudsters Stanford Financial Group (Allen Stanford) · Fairfield Greenwich Group · UBS AG · Sean FitzPatrick (Anglo Irish Bank) · Kazutsugi Nami (Enten controversy) · Nicholas Cosmo · Arthur Nadel · Paul Greenwood · Stephen Walsh · Laura Pendergest-Holt · Angelo Mozilo · Barry Tannenbaum · Raj Rajaratnam (Galleon Group) Proven or admitted frauds and fraudsters Bernard Madoff (Ponzi scheme)(Frank DiPascali) · Satyam Computer Services (accounting scandal) (Ramalinga Raju) · Marc Stuart Dreier · Norman Hsu · Joseph S. Forte · Du Jun  · Tom Petters Related entities Federal Deposit Insurance Corporation · Federal Reserve System · Federal Housing Administration · Federal Housing Finance Agency · Federal Housing Finance Board · Government National Mortgage Association · Office of Federal Housing Enterprise Oversight · Office of Financial Stability · UK Financial Investments Limited · Federal Home Loan Banks Securities involved and financial markets Auction rate securities · Collateralized debt obligations · Collateralized mortgage obligations · Credit default swaps · Mortgage-backed securities · Secondary mortgage market Related topics Bailout · Bank run · Credit crunch · Economic bubble · Financial contagion · Financial crisis · Interbank lending market · Liquidity crisis · Tea Party protests

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