Writedowns

Moody's: Banks Have Written Down 2/3 Of Bad Loans

AP | Posted 05.25.2011

Read More: Writedowns, Bank Lending, Mortgage Loans, Credit Crisis, Credit Markets, Banks Bad Loans, Bank Writedowns, Moody's, Business News

NEW YORK — Moody's Investors Service said Wednesday it appears U.S. banks have written off about two-thirds of the bad loans they're likely to face ...

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The First Domino: Foreclosure Fraud and the 'Invisible Bailout'

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Foreclosures, Writedowns, Imf, Bank Stocks, Market Value of Banks, US Economy, Foreclosure Fraud, Bailout, Invisible Bailout, Business News
Richard (RJ) Eskow

Foreclosure fraud is one domino, and if it falls, the result could be an end to the "invisible bailout" -- the one you never hear about, that forces millions of people to subsidize bad lending practices to prop up Wall Street.

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Citigroup's Job Cuts Could Exceed 30,000

CNBC | Charlie Gasparino | Posted 05.25.2011

Read More: Layoffs, Merrill Lynch, Citigroup, Subprime Mortgages, Banks, Writedowns, Job Cuts, Subprime Mortgage Crisis, Citigroup Job Cuts, Citigroup Writedowns, Vikram Pandit, U.S. Economy, Recession, Business News

Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime-related debt, CNBC has le...

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CEOs Defend Their High Pay on Hill

AP | JIM ABRAMS | Posted 05.25.2011

Read More: Citigroup, Merrill Lynch, Subprime Mortgage Crisis, Committee on Oversight and Government Reform, Stanley O'Neal, Stan O'Neal, Charles Prince, Chuck Prince, Angelo Mozilo, Countrywide Financial, Bank of America, Writedowns, Mortgages Lenders, Henry Waxman, Business News

WASHINGTON — Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollar...

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Writedowns Hit $120 Billion

Wall Street Journal | David Gaffen | Posted 05.25.2011

Read More: Citigroup, Merrill Lynch, Morgan Stanley, UBS Writedowns, Mortgage Market, Writedowns, Ubs, Business News

The admissions of greater-than-expected writedowns from Swiss bank UBS, along with reports out of major Japanese institutions, means the total amount ...

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