| Check the amount of losses due to the subprime crisis for big guns of the financial sector. And remember.... its just the beginning. | ||||||||||||||||||||||||||||||
| | ||||||||||||||||||||||||||||||
|
The list, complied by BBC from company reports and reported on its website, totals over $70 billion declared losses to date.
The list does not include the $2bn loss reported by SocGen, and smaller losses such as BNP Paribas, Bank of Tokyo-Mitsubishi UFJ and others many of whom are reporting $500 milllion or more losses.
According to a report, it is estimated that ultimately losses suffered by financial institutions could be between $220 billion and $450 billion as the $1 trillion in subprime mortage bonds is revalued.
BigGains !!
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
No comments:
Post a Comment