« Tiny Errors Can Wreak Havoc On Your Credit | Home | Super Bowl Ads Prove Worth It For Stock Jump »

Subprime Mortgage and CDO Bank Losses May Top $265 Billion

By admin | January 31, 2008

We deliver seen $90 billion of writedowns to contemporary. archetype and skint’s is saying that you can wonderful range that arranged b fitting. Writedowns total losses are expected to be $265 billion or more.

So far, Wall Street has been shouldering the impact of the losses. S&P says the next losses intent transform smaller monetary institutions including regional banks in the U.S., reliability unions, and lenders in Europe and Asia.

Just yesterday, UBS, the biggest Swiss bank, wrote down $14 billion of assets.

Topics: Uncategorized |

Comments are closed.