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Sub-Prime Hall of Shame

March 15, 2008

Here is the Sub-prime hall of shame. Bank followed by write-offs till date.

  • Merrill Lynch $24.4 bln
  • UBS $18.4 bln
  • Citigroup $18.1 bln
  • Carlyle Capital $16.6 bln – Debt Defaults
  • Morgan Stanley $9.4 bln
  • Bank of America $5.3 bln
  • Capital One $4.9-5.5 bln Credit losses
  • Soc Gen $4.2bn Sub Prime Asset Mgmt
  • RBS $4.2 bn – Investment Banking
  • Citigroup Consumer Loans $4.1 bn
  • Barclays $3.1 bn
  • Credit Suisse $2.85 bn – Asset backed investment
  • HSBC $2.1 bn – Mortgages
  • Bear Stearns $1.9 bn
  • Wachovia $1.5 bn – Credit losses
  • JP Morgan $1.3 bn

More expected at the end of March quarter, 2008.

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