On Dec 10, 2007, at 4:05 PM, Colin Brace wrote:
> http://news.bbc.co.uk/2/hi/business/7135872.stm
>
> SUB-PRIME LOSSES SO FAR
>
> UBS: $13.5bn
> Citigroup: $11bn
> Merrill Lynch: $8bn
> Morgan Stanley $3.7bn
> HSBC: $3.4bn
> Bear Stearns: $3.2bn
> Deutsche Bank: $3.2bn
> Bank of America: $3bn
> Barclays: $2.6bn
> Royal Bank of Scotland: $2.6bn
> Freddie Mac: $2bn
> Credit Suisse: $1bn
> Wachovia: $1.1bn
> IKB: $1bn
Which sums to $59.3 billion. Top-down estimates are for about $200-400 billion in losses. We've got a way to go yet.
Doug