The International Herald Tribune published the write-down league table shown below, after UBS and Deutsche Bank announced last Tuesday additional massive write-downs aggregating $23 billion. The data used by IHT came from Reuters and cover write-downs of subprime mortgage loans, leveraged loans commitment and other assets announced since November 2007:
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23 minutes ago
6 comments:
I see that the worst isnt over yet then? Who do you think will be the next to go?
Thanks, Roman, for dropping me a line. Why don't I make a separate post to answer your question? Check it out.
I am curious why UBS release of huge subprime numbers was rewarded by the Street, and stock price went up. It's kinda weird, isn't it? Rewarding people for bad behaviour just because they 'fess up? Hope to get some thoughts on the matter... thanks!
Thanks for your perceptive comments, Raven. Since my response with take up more than just a couple of sentences, I decided to just develop it into a full blown post, like I did with Roman's earlier comments. Check it out.
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Glad to be of help. Good luck in your research. Thanks for dropping by.
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