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Writedowns

CEOs Defend Their High Pay on Hill

AP | JIM ABRAMS | Posted 03.28.2008 | Business

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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Citigroup's Job Cuts Could Exceed 30,000

CNBC | Charlie Gasparino | Posted 03.28.2008 | Business

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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Writedowns Hit $120 Billion

Wall Street Journal | David Gaffen | Posted 03.28.2008 | Business

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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